I'm in the process of changing my current residential loan to a Buy to Let Santander mortgage. I have been informed by my broker that I require a lawyer for this. I spoke to my past Poundbury conveyancing firm who who conducted the conveyancing when I first bought the property. The costs estimate e-mailed to me of £470 has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad steep. If you shop around you may be able to get the conveyancing a bit cheaper by say a hundred pounds. That being said, providing that you were happy with the service the firm gave you couldlive to regret opting for an a cheaper conveyancer. Remember to check that the solicitor can act for Santander. Do make use of our search tool to locate a Poundbury conveyancing firm on the Santander conveyancing panel, which can often include conveyancing solicitors in Poundbury.
It is is a decade since I bought my home in Poundbury. Conveyancing solicitors have now been retained on the sale but I am unable to find the deeds. Is this a problem?
You need not be too concerned. First the deeds may be with the lender or they may be archived with the conveyancers who acted in the purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Poundbury relates to registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial land in Poundbury?
Its becoming the norm that commercial conveyancing solicitors in Poundbury will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Poundbury. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Poundbury.
For every commercial conveyancing transaction in Poundbury it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Poundbury commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Poundbury.
Just had an offer accepted on a new build apartment in Poundbury. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Poundbury
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Due to the guidance of my in-laws I had a survey completed on a house in Poundbury prior to retaining lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some banks may not issue a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Poundbury. Conveyancing may be slightly more expensive based on your lender's requirements.