Unfortunately I am unable to travel far from Lakenham. Is there a reason why all Lakenham lawyers are not on all lender panels?

As inequitable as it may seem for banks to restrict who can act for them, from the public’s or conveyancer’s point of view, the flip side is that lending institutions are becoming ever more anxious and feel it crucial to shield themselves against mortgage fraud. As a result of this concern mortgage companies have reduced their conveyancing panel to a manageable size.

My solicitor has identified a defect with the lease for the flat we are buying in Lakenham. The other side have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the bank is content with this solution. Are we the client or is the mortgage company ?

Even though you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions have to be complied with.

We see that you have a search directory listing firms on the Virgin Money conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Lakenham?

We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Lakenham.

Just had an offer accepted on a new build apartment in Lakenham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Lakenham

Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision.

Due to exchange soon on a garden flat in Lakenham. Conveyancing solicitors assured me that they report fully on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Lakenham should include some of the following:

You should be sent a copy of the lease Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? The total ownership of the property. This may be the property itself but might incorporate a roof area or storage are if appropriate. You should know whether the lease permits you to alter or upgrade aspects of the premises- you must know whether any restrictions relates to all alterations or limited to structural alteration, and whether permission is mandated necessary Are pets allowed in the flat?

Leasehold Conveyancing in Lakenham - Sample of Queries Prior to buying

What is the the remaining lease term? On the whole the cost for major works tend not to be incorporated into the maintenance charges, albeit that a few managing agents in Lakenham obliged leasehold owners to pay into a reserve fund and this is used to offset against larger repairs or maintenance. Who manages the building?