My conveyancer has discovered a a problem with the lease for the apartment we are purchasing in Covent Garden. The other side have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer has advised that he must check that the bank is willing to move forward with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. These conveyancing instructions must be adhered to.
How up to date is your search tool for Covent Garden conveyancing solicitors on the Santander conveyancing panel? Do Santander send you an updated list?
Covent Garden conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Covent Garden. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/4/2019, the requirements read as follows :
My bid for a property was accepted at auction in Covent Garden. Conveyancing is needed. What are my next steps?
Given that you are now to all intents and purposes signed on the dotted line you now have to retain a conveyancing lawyer as a matter of urgency as you will have a pending a fixed date to complete the property. Every auction property should have an associated legal pack. This will likely include most,if not all of the paperwork that your solicitor requires. Where you are dealing with leasehold premises the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to give this to the conveyancer working for you ASAP. You also need to ensure that that you have the requisite funding in place to complete on the on the contractual date .
My wife and I purchasing a detached bungalow in Covent Garden. Our aim is to carry out a loft conversion at the house.Will legal conveyancing on the property involve enquiries to see if these alterations are permitted?
Your property lawyer should check the registered title as conveyancing in Covent Garden will sometimes reveal restrictions in the title documents which prohibit certain works or require the consent of a 3rd party. Many additions need local authority planning permissions and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor prior to committing yourself to a purchase.
About to purchase flat in Covent Garden. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Covent Garden conveyancer is on the Yorkshire BS conveyancing panel.
My colleague recommended that where I am purchasing in Covent Garden I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Covent Garden conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about Covent Garden around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Covent Garden Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Covent Garden Education with plans and statistics, Local Amenities and other useful information regarding Covent Garden.
We are in the process of acquiring a home in Covent Garden. Can the conveyancer keep the amount we are are purchasing for confidential from the likes of Rightmove. Is this achievable and how?
The Land Registry are legally required to note price sold data on a register of the title for domestic properties nationwide which includes premises in Covent Garden. The register of title is an open document, so the Land Registry would be breaking the law if they did not grant access to the register.
In essence you can make a request of HM Land Registry to withhold the amount paid entry but the answer will be in the negative.