Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Dockland Settlement. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/7/2024, the requirements read as follows :
My wife and I are downsizing from our property in Dockland Settlement and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Dockland Settlement conveyancer would know that there is no such problem. It does beg the question why the buyers used a national conveyancing outfit rather than a conveyancing solicitor in Dockland Settlement. We have lived in Dockland Settlement for 4 years we know of no issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
It has been 3 months since my purchase conveyancing in Dockland Settlement took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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.
I'm purchasing a new build house in Dockland Settlement with a mortgage from Bank of Ireland. The developers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not to tell my solicitor about this side-deal as it may impact my loan with Bank of Ireland. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Dockland Settlement is where the house is located. Is there any advice you can impart?
Flying freeholds in Dockland Settlement are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dockland Settlement you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dockland Settlement may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My wife and I purchased a leasehold house in Dockland Settlement. Conveyancing and Lloyds TSB Bank mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Dockland Settlement who acted for me is not around. What should I do?
First make enquiries of HMLR to be sure that this person is in fact the new freeholder. You do not need to incur the fees of a Dockland Settlement conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Dockland Settlement. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Dockland Settlement conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Dockland Settlement premises is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case related to 2 flats. The unexpired term as at the valuation date was 72 years.