Please explain the implications if my solicitor is suspended from the Clydesdale Solicitor panel ahead of completing my conveyancing in Banstead?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Have just purchased a probate house at auction in Banstead. Conveyancing is required. What are my next steps?
Given that you have now to all intents and purposes signed on the dotted line you will need to retain a conveyancing solicitor quickly as you are faced with a fast approaching a fixed date to complete the transaction. An auction property will have a corresponding legal pack. This should include most,if not all of the paperwork that your conveyancer will need. If you have purchased leasehold premises the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should pass this on to the conveyancer instructed by you ASAP. Do make sure that your finances are in order to complete the transaction on the set completion date.
I am purchasing a victorian detached house in Banstead. Our aim is to carry out an extension to the side at the house.Will the conveyancing process include investigations to ascertain if these works are permitted?
Your property lawyer should check the deeds as conveyancing in Banstead can on occasion reveal restrictions in the title deeds which prohibit certain works or need the permission of another owner. Certain works call for local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
I currently have a mortgage with Leeds Building Society for my property in Banstead. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
Leeds Building Society must be informed of your intention prior to renting your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will permit you to let 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 Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Banstead. Conveyancing is necessary evil 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 legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Banstead
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.
Due to the guidance of my in-laws I had a survey completed on a property in Banstead in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to issue a mortgage on such a house.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Banstead. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking to sell my house. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Banstead if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Banstead. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
In my capacity as executor for the estate of my grandfather I am disposing of a property in Monmouth but reside in Banstead. My solicitor (who is 250 miles from merequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Banstead who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are located in Banstead