Much to our surprise we have been advised by our mortgage adviser that my Eastcote lawyer is not on the bank Solicitor panel. How can I be sure whether this is correct?
Your first step should be to contact your Eastcote conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
I own a freehold house in Eastcote but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Eastcote and has limited impact for conveyancing in Eastcote 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 date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
How can we know in advance if a Eastcote conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Eastcote getting recommendations is a sensible start. 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 advertising the lowest fees. We would always suggest that you speak with the lawyer handling your transaction.
Leeds Building Society have agreed my mortgage in principle, my offer on a house in Eastcote has been accepted, what happens next?
Your property agent will wish to be advised as to your solicitor's details (make sure the conveyancing practitioners are on the lender’s panel). Telephone Leeds Building Society or your financial adviser and finalise any appropriate paperwork. Leeds Building Society will instruct a valuer who will get in touch with the selling agent or seller to book a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. Leeds Building Society will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Eastcote.
Our sealed bid on a detached house in Eastcote has been accepted, the owners do nevertheless have a connected purchase. The owners have placed an offer on on an apartment, but it’s not been accepted yet, and are looking at other properties in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Eastcote. What do I do now? When do I get the mortgage application with Virgin Money going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Eastcote conveyancing search charges, etc). The first course of action is to check that your property lawyer is on the Virgin Money conveyancing panel. Concerning the next stages this very much depends on the circumstances of your transaction, attraction to the property and on the state of the market. In a rising market many purchasers will apply for a home loan with Virgin Money and arrange for the valuation and only if it was satisfactory would they request their conveyancer to move forward with searches.
I have been told that property searches are the number one reason for obstruction in Eastcote house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Eastcote.
The estate agent has sent us the confirmation of our purchase of a new build flat in Eastcote. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Eastcote
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There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Eastcote is the location of the property. Can you shed any light on this issue?
Flying freeholds in Eastcote are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eastcote you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eastcote 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.