I can't travel far from Bedmond. What is the rationale as to why all Bedmond solicitors are not on all mortgage company panels?
Even though it may seem unfair for mortgage companies to restrict who can represent them, from the public’s or conveyancer’s point of view, the other side of the coin is that lending institutions are becoming ever more anxious and regard it imperative to protect them from mortgage fraud. As a consequence of this concern banks are limiting their conveyancing panel to a manageable size.
I require conveyancing for an apartment in a fairly new development (6 years old) in Bedmond. 95% of the properties are already disposed of. Is it strictly necessary to order neighbourhood searches as part of conveyancing in Bedmond?
A big part of the Bedmond conveyancing process is the conveyancing searches. There are numerous companies delivering Bedmond conveyancing searches, as well straight from the local authority. These are known collectively as personal search companies due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authority.
Is there a search tool that I can use to discover of the solicitor carrying out my conveyancing in Bedmond is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus paying £192.00 in another set of conveyancing invoice.
Please do take advantage of the find a lender approved solicitor tool on this page. Please choose the lender and type ‘Bedmond’ or your preferred area and you will discover a number of lawyer located in Bedmond or near you.
My wife and I purchased a terraced Edwardian house in Bedmond. Conveyancing practitioner acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You should read 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 Bedmond and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who conducted the purchase.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Bedmond is the location of the property. Can you shed any light on this issue?
Flying freeholds in Bedmond are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bedmond you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bedmond 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.
There are only Seventy years unexpired on my flat in Bedmond. I now wish to get lease extension but my freeholder is missing. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you or your lawyers have done all that could be expected to find the lessor. For most situations a specialist would be helpful to try and locate and to produce a report to be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to devolving into the landlord’s disappearance and the application to the County Court overseeing Bedmond.
I invested in buying a split level flat in Bedmond, conveyancing formalities finalised 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Bedmond with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease expires on 21st October 2104
With only 80 years left to run the likely cost is going to be between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.