I am obtaining a mortgage with Nat West. I hope to employ the services of a Licensed Conveyancer in Bredon. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am under pressure from the mortgagee in possession of a property in Bredon to exchange within four weeks. What can be done to quicken up the legal process?
Where you are under time constraints to sign contracts it is highly recommended that your solicitor is familiar with the location as they will make use of local contacts and know-how. It is possible that they may have conducted otherhomes in the same road. You would be best advised to use a Bredon conveyancing lawyer. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Bredon conveyancing transactions are suspended or derailed after discovering a buyer’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the conveyancing being held up by an average of three weeks. It is said that this issue affects approximately one hundred thousand home moves annually. Almost all Bredon conveyancing firms can not represent certain mortgage companies so do check as early as possible.
I own a freehold premises in Bredon yet pay rent, why is this and what is this?
It is rare for properties in Bredon and has limited impact for conveyancing in Bredon 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
About to purchase a new build apartment in Bredon. 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.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bredon
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Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I opted to have a survey done on a house in Bredon before appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some banks will refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bredon. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my father I am selling a residence in Neath but live in Bredon. My lawyer (based 300 kilometers from meneeds me to execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Bredon to attest this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Bredon based