Me and my partner are due to exchange on the purchase of a house in Dockland Settlement but as a consequence of damage from the recent storms I have managed to agree reparation from the current proprietors in the sum of £3k in the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process yet UBS will not agree to this. Why were they notified?
Your conveyancing practitioner that is on the UBS conveyancing panel is required to disclose to UBS of any amendments to the purchase price. If you prohibit your conveyancer to report the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new property lawyer for your conveyancing in Dockland Settlement.
We note that you have a search directory listing solicitors on the Yorkshire BS conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Dockland Settlement?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Dockland Settlement.
I happen to be the single beneficiary of my late mum's estate and I have everything in my name now, including the my former home in Dockland Settlement. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be treated the same way as though I had purchased the house in October. Do I have to wait half a year to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view banks take of it, depend on the lender as this clause primarily exists to pick up on subsales or the wholesaling and assigning of property.
I currently have a mortgage with Principality for my property in Dockland Settlement. Conveyancing has been completed months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
Principality must be informed of your intention prior to renting your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. It should not be necessary to do this via a Principality conveyancing panel solicitor.
I have instructed a Dockland Settlement lawyer having made sure that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Dockland Settlement surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Dockland Settlement?
Unless a prior acquisition of the property completed after 12 October 2013 you can expect lawyers conducting conveyancing in Dockland Settlement to remain recommending a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly identified as part of conveyancing in Dockland Settlement?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Dockland Settlement. 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 note that you have a search directory identifying solicitors on the bank conveyancing panel. Do Dockland Settlement conveyancing companies pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Dockland Settlement.