Is there a search tool that I can utilise to discover of the solicitor handling my conveyancing in Addiscombe is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for HSBC Bank thus paying £192.00 in additional legal bill.
You should make the most of the search tool on this page. Pick the lender and type ‘Addiscombe’ or your preferred area and you will see a number of lawyer offices in Addiscombe or by proximity to you.
Forgive me if this question is silly but I am unseasoned as a 1st time purchaser of a ground floor flat in Addiscombe. Do I collect the keys to the house on the completion date from my solicitor? If so, I will use a High Street conveyancing solicitor in Addiscombe?
On the day of completion you do not need to attend the conveyancers office in Addiscombe. Conveyancing lawyers for you will transfer the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you should be called to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
My partner and I have organised the release of further funds on our home loan from Leeds Building Society as we wish to conduct improvements to our property in Addiscombe. Are we obliged to select a nearby Addiscombe solicitor on the Leeds Building Society conveyancing panel to handle the paperwork?
Leeds Building Society would not normally require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
I have a mortgage with Bank of Ireland for my property in Addiscombe. Conveyancing was finalised a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?
Bank of Ireland must be informed of your intention in advance of renting your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. It should not be necessary to do this via a Bank of Ireland conveyancing panel solicitor.
I have been told that property searches are a common cause of delay in Addiscombe conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Addiscombe.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Addiscombe is the location of the property. Can you shed any light on this issue?
Flying freeholds in Addiscombe are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Addiscombe you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Addiscombe may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
As co-executor for the will of my aunt I am disposing of a property in Neath but I am based in Addiscombe. My lawyer (based 260 miles awayneeds me to sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Addiscombe who can witness and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Addiscombe based
I have just appointed agents to market my basement apartment in Addiscombe. Conveyancing is yet to be initiated, but I have just had a yearly service charge invoice – what should I do?
It best that you discharge the maintenance contribution as usual given that all ground rent and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the leaseholder of a basement flat in Addiscombe. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
if there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to judgment on the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Addiscombe premises is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case was in relation to 4 flats. The unexpired term as at the valuation date was 98 years.