I am obtaining a mortgage with Lloyds. I hope to retain the legal services of a Licensed Conveyancer in Oldland. Does the Lloyds Conveyancing panel exclude conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We just had an offer accepted to purchase with Earl Shilton BS. We have called around locally but am struggling to find a Oldland conveyancing firm on the Earl Shilton BS approved list. Could you help?
You should take advantage of the search tool on this site. Please choose the lender and type Oldland or your preferred area and you will discover numerous solicitors based in Oldland or near you.
I require quick conveyancing in Oldland as I am faced with an ultimatum to exchange contracts within one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Oldland the following are instances of issues that can arise and therefore impact future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. Oldland is where the house is located. What do you suggest?
Flying freeholds in Oldland are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Oldland you must be sure that your lawyer goes 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 Oldland 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 premises.
I am employed by a busy estate agent office in Oldland where we have experienced a number of leasehold sales put at risk as a result of short leases. I have received conflicting advice from local Oldland conveyancing firms. Could you confirm whether the vendor of a flat can start the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Oldland - A selection of Questions you should ask before buying
The prefered form of lease arrangement is a share of the freehold. In this arrangement the lessees enjoy control and notwithstanding that a managing agent is often employed if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. The answer will be important as a) areas can cause problems in the building as the communal areas may start to deteriorate if services remain unpaid b) if the leaseholders have an issue with the managing agents you will wish to have all the details Who is in charge of the building?