I am not in a position to travel far from Cookham. What is the rationale as to why all Cookham conveyancing practitioners are not on all mortgage company panels?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to lenders pruning a number of firms off their official list of approved solicitors .
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Cookham?
Two types of professional can do conveyancing in Cookham namely licenced conveyancers or solicitors. Both professionals administer the legal services that you need to complete the sale or acquisition of property. They are both duty bound to perform Cookham conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally conducted and that all necessary steps will be accurately attended to.
We have agreed to purchase a house in Cookham. An unusual aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Kent Reliance your lawyer must check the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Kent Reliance where a lease does not satisfy these requirements. The conditions relate to the installation of panels on properties countrywide and is not limited to Cookham.
I am due to exchange contracts on my flat. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, UBS are being problematic. The Cookham solicitor who is on the UBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Cookham?
Its becoming the norm that commercial conveyancing solicitors in Cookham will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Cookham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cookham.
For every commercial conveyancing transaction in Cookham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Cookham commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Cookham.
It has been 4 months since my purchase conveyancing in Cookham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Cookham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Cookham
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. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Expecting to sign contracts shortly on a basement flat in Cookham. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Cookham should include some of the following:
The unexpired lease term. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years You should have a good understanding of the building insurance provisions Does the lease require carpeting throughout thus preventing wood flooring? An explanation concerning the obligations as set out in the lease to pay service charges - in respect of the block, and the more general rights a lessee has
Cookham Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
On the whole the cost for major works tend not to be incorporated into the service charges, although there some managing agents in Cookham require leasehold owners to pay into a sinking fund created for the specific purpose of building a fund for major works. It would be a good idea to enquire if there are any onerous restrictions in the lease. For instance plenty of leases prohibit pets being allowed in in a block in Cookham. If you love the propertyin Cookham but your dog is not allowed to move with you then you will be presented with a difficult choice. The answer will be useful as a) areas can result in problems for the block as the communal areas may begin to deteriorate where services are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to have full disclosure