I can't travel far from Coventry. Is there a reason why all Coventry property lawyers are not on all lender panels?
Before the recession most lenders exhibited an attitude to risk which is different than today. The FSA in 2010 conducted a thematic review into fraud which in summary warned lenders: know the conveyancing practitioners on your panel. As a result, lenders have since soughtmore information from law firms regarding their processes and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Many law practices have been removed from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of amount of transactions the lenders set.
We were just about to exchange contracts for a freehold house in Coventry. We have hit a problem. Our mortgage offer with Chelsea Building Society expires on 11/8/2025 but the owners are insisting on a completion date of 13/8/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this question is your conveyancer who is in a position to assess whether they better off negotiating with the mortgage broker, vendor’s conveyancers, selling agents or indeed all parties given what has happend in your house move as of today.
Are there restrictive covenants that are commonly identified as part of conveyancing in Coventry?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Coventry. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey completed on a house in Coventry ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies will not grant a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Coventry. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Coventry to see if the conveyancing costs will increase in light of this.
I have been sourcing a conveyancing practitioner in Coventry for my home move. Can I see a solicitor's record with the legal regulator?
Anyone can read documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator could recorded call for training purposes.
I have just started marketing my ground floor flat in Coventry. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly maintenance charge invoice – Do I pay up?
The sensible thing to do is pay the invoice as usual given that all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Coventry - Sample of Questions you should ask Prior to Purchasing
-
The answer will be helpful as a) areas could result in problems in the building as the common areas may begin to deteriorate where repairs remain unpaid b) if the tenants have an issue with the running of the building you will want to have full disclosure The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders have being in charge if their destiny and even though a managing agent is frequently retained where it is larger than a house conversion, the managing agent is directed by the tenants.