My conveyancer has discovered a a problem with the lease for the flat we are purchasing in Blackpool. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer says that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My wife and I have recently appointed a conveyancing solicitor in Blackpool. I I would like to check whether they are accepted on the Bank of Ireland approved list of lawyers. Can you advise?
You should phone your solicitor and enquire whether they can act for the lender. Otherwise please get in touch with Bank of Ireland who may be able to help.
A friend advised me that where I am buying in Blackpool I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Blackpool conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Blackpool around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Blackpool.
Have purchased a a terraced house in Blackpool , how long should it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Blackpool conveyancing solicitor has been very slow, so I want to check the land registry aspects are dealt with.
As far as conveyancing in Blackpool registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust according to who lodges the application, whether it is in order and whether the Land registry have to notify any other parties. As of today in the region of three quarters of submission are fully addressed within two weeks but occasionally there can be extensive hold-ups. Historically registration is effected once the new owner is living at the property thus 'speed' is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Blackpool. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Blackpool
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one near me in Blackpool I like with open areas and station nearby, however it only has 49 years unexpired on the lease. There is not much else in Blackpool for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.