Me and my partner are acquiring a leasehold flat in Benton. My Conveyancer is not listed on the lender solicitor panel. Am I still permitted to retain my Benton conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
Various options include
- Carry on with your preferred Benton lawyer but your bank will need to appoint a solicitor from their approved list. This will result in additional cost together with potential delay.
- Choose a fresh lawyer to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your property lawyer to do everything possible to get accepted on the mortgage company panel of solicitors
I purchased a freehold property in Benton yet invoiced for rent, why is this and what is this?
It is rare for properties in Benton and has limited impact for conveyancing in Benton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My father advised me that in buying a property in Benton there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are a number of properties in Benton which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Benton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After weeks of negotiation I have agreed a price on a house in Benton. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £200. Shortly after, the conveyancer contacted me embarrassingly acknowledging that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Coventry BS have agreed my mortgage in principle, my bid on a house in Benton has been agreed to, what are the next steps?
The property agent will need to be informed of your conveyancer's details (make sure the conveyancers are on the lender’s panel). Telephone Coventry BS or the financial adviser and finish off any appropriate documentation. Coventry BS will instruct a valuer who will get in contact with the estate agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes approximately a week to receive the mortgage offer. Coventry BS will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Benton.
Due to the input of my in-laws I had a survey completed on a house in Benton ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks may not grant a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Benton. Conveyancing will be smoother if you use a solicitor in Benton especially if they regularly deal with such properties in Benton.
I've found a house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have just discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Benton. Conveyancing advisers have are about to be instructed. Will they explain the issues?
The majority of houses in Benton are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Benton so you should seriously consider looking for a Benton conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your solicitor should appraise you on the various issues.
Leasehold Conveyancing in Benton - Examples of Questions you should ask before buying
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Is there a share of the freehold? Are any of leasehold owners in arrears of their service charge liability? Be sure to discover if the the lease contains any adverse restrictions in the lease. For example some leases prohibit pets being allowed in certain buildings in Benton. If you like the flatin Benton yet your cat is not allowed to move with you then you will be faced hard decision.
Been searching for a conveyancer for leasehold sale conveyancing in Benton. We are selling, simple no mortgage to redeem, no hurry, currently empty. Received a quote from a conveyancing practitioner for a thousand pounds including VAT which is a little expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Benton?
Considering it’s a sale only, £425 + VAT is likely to be about the best for sale conveyancing in Benton.