My Earlestown lawyer has spotted a discrepancy between the surveyor’s assumptions in the home valuation report and what is revealed within the legal papers for the property. My solicitor has advised that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I purchased a freehold premises in Earlestown but still charged rent, why is this and what is this?
It is rare for properties in Earlestown and has limited impact for conveyancing in Earlestown but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Earlestown. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
How can we tell if a Earlestown conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Earlestown seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your conveyancing.
I am currently in the process of buying my council flat in Earlestown. I have a mortgage agreed with Clydesdale. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
Virgin Money have agreed my mortgage in principle, my offer on a flat in Earlestown has been agreed to, now what?
Your property agent will want to know who your solicitors are (be sure the lawyers are on the lender’s panel). Telephone Virgin Money or the broker and finalise any appropriate documentation. Virgin Money will appoint a valuer who will get in touch with the selling agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Virgin Money will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Earlestown.
Just acquired a detached house in Earlestown , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Earlestown conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Earlestown registration formalities. Rather than based on location, timeframes can differ according to the party submitting the application, whether it is in order and if the Land registry need to notify any third persons or bodies. As of today approximately three quarters of submission are completed in less than three weeks but some can be subject to protracted delays. Historically registration occurs after the buyer has moved in to the premises therefore post completion formalities is not usually top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer can contact the land registry and explain the circumstances.
I'm remortgaging my current home to a buy to let loan with Alliance & Leicester and intend to use the remaining equity towards further property. The neighborhood we are looking at is Earlestown. Will your solicitors be able to act for the two mortgage companies and link together the conveyances?
Do use our search tool on this page to check that the lawyers are approved by both mortgage companies. Assuming that they are your conveyancer should be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make apparent your desired outcome and needs.