A friend advised me that in buying a property in Penylan there may be various restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Penylan which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Penylan should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have been advised by my solicitor that restrictive coveneant insurance is required on my purchase. What is the level of cover for Penylan conveyancing?
The right level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Skipton Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Penylan conveyancer on the Skipton panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I am purchasing a house and the solicitor has mentioned Chancel Repair to which the property may be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this really necessary for conveyancing in Penylan
Unless a previous acquisition of the property completed after 12 October 2013 you could expect lawyers carrying out conveyancing in Penylan to remain recommending a chancel search and or chancel repair liability insurance.
I have todayfound out that Stirling Law have been shut down. They carried out my conveyancing in Penylan for a purchase of a leasehold flat 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Penylan conveyancing specialists.
I'm buying a new build house in Penylan benefiting from help to buy. The developers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about this deal as it may affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey completed on a house in Penylan in advance of instructing lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some banks may refuse to grant a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Penylan. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Penylan to see if the conveyancing costs will increase in light of this.