I am obtaining a mortgage offer from Santander. My intention is to retain the legal services of a Licensed Conveyancer in Eaglescliffe. Does the Santander Solicitor panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Are there restrictive covenants that are commonly identified during conveyancing in Eaglescliffe?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Eaglescliffe. 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…’
Just had an offer accepted on a new build flat in Eaglescliffe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Eaglescliffe
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Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
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 simple, no chain conveyancing. Eaglescliffe is where the house is located. Can you offer any advice?
Flying freeholds in Eaglescliffe are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Eaglescliffe you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eaglescliffe may determine 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 residence.
I'm remortgaging my current home to a buy to let loan with Santander and intend to use the remaining equity as a down payment on further property. The neighborhood we are talking about is Eaglescliffe. Will your conveyancers be able to act for both sets of banks and tie in the conveyances?
Make use of our comparison tool on this site to check that the solicitors are approved by both banks. On the basis that they are your conveyancer should be able to simultaneously deal with the two transactions but you should talk with you lawyer and communicate your desired outcome and needs.
Can you provide any top tips for leasehold conveyancing in Eaglescliffe with the intention of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Eaglescliffe can be avoided if you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold information which will be required by the purchasers’ representatives. The majority of freeholders or managing agents in Eaglescliffe charge for supplying management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Eaglescliffe. A minority of Eaglescliffe leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. You believe that you know the number of years left on your lease but it would be wise to verify this via your solicitors. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is below 80 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.
Eaglescliffe Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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Is the freehold reversion owned jointly by the tenants? How many of the leaseholders are in arrears for their maintenance charge payments? How much is the maintenance charge and ground rent on the apartment?