Me and my fiance are buying a 1 bedroom apartment in Eaton Bray with a mortgage. We like our Eaton Bray lawyer, but the lender says he's not on their "panel". We have to appoint one of the bank panel firms or retain our Eaton Bray lawyer as well as pay for one of their panel ones to represent them. We regard this is unjust; can we not demand that the mortgage company use our Eaton Bray property lawyer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Eaton Bray conveyancing lawyer to apply to be on the conveyancing panel.
I purchased a freehold house in Eaton Bray yet charged rent, why is this and what is this?
It is rare for properties in Eaton Bray and has limited impact for conveyancing in Eaton Bray 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We are purchasing a property and the lawyer has mentioned Chancel Repair to which the property could be obligated to contribute to because it falls into the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in Eaton Bray
Unless a previous purchase of the property took place after 12 October 2013 you can assume that solicitors conducting conveyancing in Eaton Bray to remain recommending a chancel search and or chancel repair liability insurance.
I am buying my first flat in Eaton Bray benefiting from help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep told me not inform my solicitor about the deal as it could impact my mortgage with TSB. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Eaton Bray is where the house is located. What do you suggest?
Flying freeholds in Eaton Bray are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Eaton Bray you would need to get your solicitor to go 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 Eaton Bray 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 premises.
Given that I will soon spend 450k on a house in Eaton Bray I would like to have a conversation with the lawyer concerning thehome move in advance of appointing the firm. Can this be arranged?
This is something that we recommend - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your property ownership legalities in Eaton Bray.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in Eaton Bray should be the figure that you end up paying.