Is there a reason why leasehold purchase conveyancing in Somerstown costs more?
The conveyancing costs for a leasehold premises in Somerstown is inevitably more expensive than on a freehold residence. This is because there is an amount of extra time necessary in dealing with the landlord and management company to collate the evidence about whether the rent and maintenance charges have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
I have paid off my mortgage with Barclays. I assume I don't need a Somerstown solicitor on the Barclays panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays 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 Barclays mortgage from the register. Barclays, 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 Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Somerstown bank branch on a couple of occasions and was advised it wasn't an issue and they would lend. My Somerstown conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their published requirements. Who do I believe?
As long as the conveyancing practitioner is on the bank panel, they must adhere to the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Intending to buy a apartment in Somerstown. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander 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 Somerstown conveyancing practitioner is on the Santander conveyancing panel.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Somerstown?
Its becoming the norm that commercial conveyancing solicitors in Somerstown will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Somerstown. The search result sets out 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 Somerstown.
For each commercial conveyancing transaction in Somerstown it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Somerstown commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Somerstown.
Due to the input of my in-laws I had a survey completed on a house in Somerstown ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not grant a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Somerstown. Conveyancing will be smoother if you use a solicitor in Somerstown especially if they are familiar with such properties in Somerstown.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Somerstown. I've stumble upon a web site which seems to have the ideal solution If it is possible to get all formalities completed via web that would be preferable. Do I need to be concerned? What should out be looking out for?
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?