Do I have to visit the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Eastcote so that I can attend their offices when needed.
These days approved lawyers for mortgage companies conduct the vast majority of work through Royal Mail, e-mail or over phone calls. This enables them to carry out the legal work for your home move no matter where you live in England or Wales. However you can see if you can still book an appointment to visit conveyancing lawyer if needed.
My lawyer has informed me that breach of easement insurance is required on my purchase. What is the level of cover for Eastcote conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
When it comes to mortgage companies such as Nationwide, do Eastcote solicitors face a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Clydesdale have agreed my home loan in principle, my offer on a apartment in Eastcote has been agreed to, now what?
The estate agent will wish to know who your solicitors are (be sure the solicitors are on the lender’s panel). Contact Clydesdale or the broker and finalise any outstanding forms. Clydesdale will sellect a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Clydesdale will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Eastcote.
Are there restrictive covenants that are commonly identified as part of conveyancing in Eastcote?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Eastcote. 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…’
Due to the encouragement of my in-laws I had a survey completed on a property in Eastcote before retaining conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some lenders will not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eastcote. Conveyancing will be smoother if you use a solicitor in Eastcote especially if they are familiar with such properties in Eastcote.
How do I use the search tool to find a conveyancing lawyer in Eastcote on the approved list for my lender?
First pick a lender such as Accord Mortgages Ltd, The Royal Bank of Scotland or Godiva Mortgages Ltd then specify your preferred area e.g. Eastcote. Conveyancing practices in Eastcote and beyond should be shown.
Last July I purchased a leasehold flat in Eastcote. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
After years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Eastcote. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to determine the amount due.
An example of a Lease Extension decision for a Eastcote property is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case related to 1 flat. The unexpired residue of the current lease was 53.26 years.