I plan on purchasing an apartment in Clapham and Salph End. My Solicitor is not on the mortgage company solicitor list. Is it possible for me to retain my Clapham and Salph End conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
Your options include
- Proceed with your chosen Clapham and Salph End property lawyer but your lender will undoubtedly use a conveyancing practitioner from their approved list. The net result is additional fees together with potential interruption.
- Appoint a fresh conveyancer to conduct the conveyancing, ensuring that they are on the bank conveyancing panel.
- Convince your lawyer to apply to join the lender panel
I am buying a house mortgage free in Clapham and Salph End. I have resided for the last 20 years in Clapham and Salph End. Conveyancing searches are a lot of money. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then the vast majority of the Clapham and Salph End conveyancing searches are non-obligatory. Your lawyer will try and sway you, no-doubt strongly, that you should have searches done, but he is duty bound to take that path of guidance. One thing to take into account; if you are intend to dispose of the house at a future date, it may be of importance to your prospective purchaser what the searches contain. On occasion properties with day to day issues can still reveal unfavourable search results. A competent conveyancing solicitor in Clapham and Salph End should provide you some sensible advice in this regard.
In what way does my ID and proof of funds have anything to do with my conveyancing in Clapham and Salph End? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you need to sign should stipulate this. Your lender will also require certain documents to be viewed. Should you refuse to provide identification documents, your solicitor would not be able to act for you.
Me and my brother own a renovated Victorian property in Clapham and Salph End. Conveyancing lawyer acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching property. Is it worth asking The Royal Bank of Scotland to clarify?
You need to assess 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 Clapham and Salph End and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Due to the encouragement of my in-laws I had a survey completed on a property in Clapham and Salph End prior to retaining lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may not grant a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you contact us we can investigate 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 Clapham and Salph End. Conveyancing may be slightly more expensive based on your lender's requirements.
All being well we will complete the sale of our £300,000 garden flat in Clapham and Salph End next Monday. The landlords agents has quoted £348 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Clapham and Salph End?
Clapham and Salph End conveyancing on leasehold flats usually requires the buyer’s lawyer sending enquiries for the landlord to answer. Although the landlord is not legally bound to address such questions the majority will be willing to do so. They are entitled to levy a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The management information fee required by the landlord must be accompanied by a synopsis of rights and obligations in relation to administration fees, otherwise the invoice is not strictly payable. In reality you have no option but to pay whatever is demanded should you wish to sell the property.
Clapham and Salph End Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
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It would be sensible to find out if the the lease contains any unreasonable restrictions in the lease. By way of example it is very common in Clapham and Salph End leases that pets are not permitted in certain buildings in Clapham and Salph End. If you love the propertyin Clapham and Salph End yet your dog can’t make the move with you then you will be presented with a hard compromise. Its a good idea to find out as much as you can about the company managing the building as they will either make your life much simpler or uncomfortable. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to every day issues like the tidiness of the communal areas. Ask other tenants what they think of them. On a final note, be sure you discover the dates that you are obliged pay the service charge to the managing agents and specifically what you get for your money. Is there a share of the freehold?