My fiance and I wish to acquire a purpose built apartment in Highnam with a loan from Bank of Ireland.We like our Highnam conveyancing practitioner but Bank of Ireland advised that his firm is not listed on their approved list of member firms. It seems we have no choice but to instruct a Bank of Ireland panel solicitor or keep our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Bank of Ireland use our lawyer?
Unfortunately,no. The loan issued to you contains terms and conditions, one of which will be that lawyers will be on the Bank of Ireland conveyancing panel. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose 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. A further alternative is for your lawyer to apply to be on the conveyancing panel for Bank of Ireland
I have todayfound out that Action Conveyancing have closed. They conducted my conveyancing in Highnam for a purchase of a freehold house 18 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to see 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 Highnam conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Highnam ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders will refuse to grant a mortgage on such a property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Highnam. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my primary house to a buy to let mortgage with Halifax and intend to use the remaining equity as a down payment on another house. The neighborhood we are interested in is Highnam. Will your solicitors be able to act for both sets of lenders and link together the two deals?
Do use our comparison tool on this page to check that the lawyers are approved by both lenders. Assuming that they are the solicitor will be able to tie up the two deals but you should have a chat with you conveyancer and make apparent your desired outcome and requirements.
I am hoping to sign contracts shortly on a ground floor flat in Highnam. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Highnam should include some of the following:
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Whether the lease restricts you from renting out the flat, or working from home Changes to the premises You should have a good understanding of the building insurance obligations Does the lease require carpeting throughout thus preventing wood flooring? specifics of the parties to the lease, e.g. these could be the (you), head lessor, landlord
Highnam Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Is the freehold reversion owned collectively by the leaseholders? Does the lease have onerous restrictions?
My mum and dad cant seem to find their Highnam land registry title on the online search facility. They recall that back in the 70’s when they purchased the bungalow there were complications regarding the address not being recognised in some systems.
Nearly all residences in Highnam should be revealed. Have you limited your search to simply the postcode. Normally it should reveal all the premises inside the postcode. Assuming the property is registered it will show up with a title number. Where they bought back in the 70’s it's conceivable it may be unrecorded. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title deeds which may be with your parent’s bank.