I happen to be the single beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Piccadilly. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the house in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Some banks would take a sensible view as this provision principally exists to identify the purchase and immediately sell or the flipping of properties.
When it comes to lenders such as TSB, do Piccadilly conveyancers have to pay a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
About to purchase flat in Piccadilly. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Piccadilly conveyancer is on the UBS conveyancing panel.
I am downsizing from our house in Piccadilly and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Piccadilly lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Piccadilly. We have lived in Piccadilly for 5 years we know of no issue. Do we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I decided to have a survey completed on a house in Piccadilly in advance of appointing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some lenders tend not give a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Piccadilly. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Piccadilly to see if the conveyancing will be more expensive.
In what way can the Landlord & Tenant Act 1954 affect my business property in Piccadilly and how can you help?
The particular law that you refer to affords security of tenure to business leaseholders, granting the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Piccadilly
I need to appoint a conveyancing solicitor for leasehold conveyancing in Piccadilly. I happened to discover a site which appears to be the ideal solution If there is a chance to get all formalities completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?