I happen to be the only recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Lower Sunbury. The Lower Sunbury property was put into my name in January. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership will be considered the same way as if I'd bought the property in January. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most lenders would take a pragmatic view as this requirement primarily exists to pick up on subsales or the wholesaling and assigning of property.
We have agreed to purchase a house in Lower Sunbury. A rare aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Clydesdale your lawyer must follow the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to Clydesdale where a lease fails to comply with these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Lower Sunbury.
My sealed bid on a semi in Lower Sunbury has been agreed to, but there is a chain. The owners have offered on a flat, but it’s not been accepted yet, and are looking at other properties booked. I have instructed a high street conveyancing solicitor in Lower Sunbury. What should be my next step? When do I get the mortgage application with TSB started?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, Lower Sunbury conveyancing search charges, etc). The first course of action is to ensure that your solicitor is on the TSB conveyancing panel. As to the next steps this very much depends on the circumstances of your case, motivation for this property and on the state of the market. In a rising market some purchasers would apply for a home loan with TSB and arrange for the valuation and only if it comes back ok would they ask their lawyer to move forward with searches.
What will a local search reveal regarding the house we're buying in Lower Sunbury?
Lower Sunbury conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search is essential in every Lower Sunbury conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Lower Sunbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Lower Sunbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lower Sunbury you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lower Sunbury may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My wife and I purchased a leasehold flat in Lower Sunbury. Conveyancing and Clydesdale mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Lower Sunbury who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Lower Sunbury conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Lower Sunbury conveyancing firm to represent me?
Absolutely. We are happy to put you in touch with a Lower Sunbury conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Lower Sunbury premises is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 82.93 years.
We yesterday found out that one of the directors of the law firm handling the purchase conveyancing in Lower Sunbury is is the mother of the seller. Is this allowed?
Provided no conflict arises this should be fine. If you are requiring mortgage finance then the mortgage company may have a say as many lenders have specific instructions on this. For example for Royal Bank of Scotland -Natwest One as of 7/2/2019, the requirements read as follows :