Our conveyancer has uncovered a a problem with the lease for the flat we are buying in Wickford. The seller’s lawyers have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the lender is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. The appropriate lender conditions must be adhered to.
My fiance and I are hoping to buy a 3 bedroom flat in Wickford with a homeloan from Skipton Building Society.We would like to retain our Wickford conveyancing solicitor but Skipton Building Society informed us he's not on their approved list of firms. we are left little option but to use a Skipton Building Society panel firm or retain our high street solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Skipton Building Society use our lawyer?
Unfortunately,no. The home loan offered to you contains various provisions, one of which will be that solicitors must be on the Skipton Building Society approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Skipton Building Society
I just bought a house at auction in Wickford. Conveyancing is required. What are my next steps?
Having exchanged you must instruct a conveyancing solicitor soon as you are facing a pending a fixed date to complete the property. Every auction property will have an associated auction pack. This should include most,if not all of the documents that your solicitor will need. Where you are dealing with leasehold property the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You should pass this on to the conveyancer working for you as soon as possible. Do make sure that you have funds organised to complete on the on the contractual date .
We are buying a terrace house in Wickford. The intention is to convert the garage to an office at the house.Will legal investigations on the property include checks to ascertain if these alterations are permitted?
Your conveyancer should check the registered title as conveyancing in Wickford can on occasion reveal restrictions in the title documents which prevent categories of changes or necessitated the consent of a 3rd party. Many works require local authority planning consent and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
I'm at the point of looking at flats in Wickford and I am about to put in an offer. Should I already have a lawyer in place at this stage? I will be getting a home loan with Kent Reliance.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
I purchased a renovated Victorian house in Wickford. Conveyancing lawyer represented me and Nationwide Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wickford and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing solicitor who completed the work.
I am buying a new build apartment in Wickford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Wickford
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.