Various online forums that I have visited warn that are a common reason for hinderance in Hednesford conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Hednesford.
I purchased a renovated Georgian house in Hednesford. Conveyancing lawyer acted for me and TSB. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same address. Is it worth asking TSB to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hednesford and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing lawyer who conducted the purchase.
About to purchase a new build flat in Hednesford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hednesford
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the advice of my in-laws I had a survey completed on a house in Hednesford in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies may refuse to grant a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hednesford. Conveyancing may be slightly more expensive based on your lender's requirements.
Why do I have to provide my conveyancing practitioner with a list of items of ID ahead of starting my conveyancing in Hednesford?
Hednesford lawyers are obliged by the Law Society, SRA, HMLR and current Money Laundering legislation to certify that the have checked the identity of their clients. It will also be a condition of your lender if you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and DOB.