My partner and I are looking to buy a house in Kelvedon and are in fact using a Kelvedon conveyancing firm. Within the last couple of days our lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. National Westminster Bank have this morning contacted us to inform me that there is now an issue as our Kelvedon solicitor is not on their conveyancing panel. Please explain?
When purchasing a property with mortgage finance it is standard for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Kelvedon lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
I decided to have a survey completed on a house in Kelvedon ahead of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will refuse to give a mortgage on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kelvedon. Conveyancing will be smoother if you use a solicitor in Kelvedon especially if they are familiar with such properties in Kelvedon.
I am looking into buying my first house which is in Kelvedon and I am already nervous. I couldn't find anything specific about Kelvedon. Conveyancing will be needed in due course but do you know about the Kelvedon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Kelvedon. In the meantime here are some basic statistics that we found
We're FTB’s - had an offer accepted, yet the agent advised that the seller will only move forward if we use their recommended solicitors as they need an ‘expedited deal’. We would rather use a local solicitor who is familiar with conveyancing in Kelvedon
It is highly unlikely the sellers are behind this. If they require ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Try to communicate with the sellers directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you are going to appoint your preferred Kelvedon conveyancing solicitors - not the ones that will provide their estate agent a commission or meet his conveyancing figures demanded by corporate headquarters.
Back In 2009, I bought a leasehold house in Kelvedon. Conveyancing and Birmingham Midshires mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Kelvedon who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Kelvedon conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Kelvedon Leasehold Conveyancing - Examples of Queries Prior to Purchasing
Is anyone aware of any major works in the near future that will add a premium to the maintenance charges? It is important to be aware whether a new roof is being installed or some other major work is anticipated to be shared amongst the leasehold owners and could well materially impact the level of the service fees or require a specific payment. Does the lease have onerous restrictions?