My fiance and I are looking to purchase a home in Clarborough and are in fact using a Clarborough conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Clydesdale have this evening contacted us to advise us that they have now hit a problem as our Clarborough lawyer is not on their conveyancing panel. What do we do from here?
If you are buying a property requiring a mortgage it is usual for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Clarborough lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
My wife and I own a renovated Victorian property in Clarborough. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week 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 need to assess the Freehold register you have again and check the Charges Register as there may be 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 Clarborough and other areas of 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 mortgage companies. You can also check the position with your conveyancing practitioner who conducted the work.
Due to the input of my in-laws I had a survey completed on a property in Clarborough prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks tend refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Clarborough. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I use your search app to locate a conveyancing practitioner in Clarborough on the approved list for my mortgage?
First pick a lender such as Birmingham Midshires, Chelsea Building Society or Platform Home Loans Ltd then specify your location for instance Clarborough. Conveyancing practices in Clarborough and across England and Wales will then be listed.
As co-executor for the will of my uncle I am disposing of a property in Swansea but I am based in Clarborough. My solicitor (based 260 kilometers awayneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Clarborough who can witness this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Clarborough
Having had my offer accepted I require leasehold conveyancing in Clarborough. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Clarborough - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Clarborough Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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Is anyone aware of any major works on the horizon that could increase the maintenance costs? The best form of lease structure is a share of the freehold. In this arrangement the lessees have control and notwithstanding that a managing agent is frequently retained where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. Does the lease have onerous restrictions?