I am soon to exchange on the purchase of a house in Mulbarton but as a consequence of wreckage from the recent storms I have managed to agree recompense from the seller of six thousand pounds by way of a deduction in the price. I had intended this to be addressed as part of the conveyancing process yet Principality will not permit this. Should they have been involved?
Any lawyer that is on the Principality conveyancing panel is required to inform Principality of any changes to the sale price. If you prohibit your conveyancing practitioner to disclose the reduction to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new conveyancer for your conveyancing in Mulbarton.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to instruct a local conveyancing solicitor in Mulbarton?
Do check but the chances are that allocate you one of their panel lawyers should you want the "fee-free" deal. Speak to the mortgage company to explore if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Mulbarton.
Me and my brother purchased a terraced Georgian property in Mulbarton. Conveyancing lawyer acted for me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching property. Is it worth asking Skipton Building Society to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Mulbarton 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 buyers. You can also check the position with the conveyancing solicitor who carried out the work.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Mulbarton I like with amenity areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Mulbarton in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Is it simple use the search facility to find a conveyancing practitioner in Mulbarton on the panel for my mortgage?
1st select a mortgage company such as HSBC Bank, Bank of Scotland or Alliance & Leicester then type in your preferred area for example Mulbarton. Conveyancing practices in Mulbarton and beyond will then be identified.