I have 70 years remaining on my lease and need a lease extension for my apartment in Edith Weston. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/8/2024 the requirements read as follows :
When it comes to mortgage companies such as UBS, do Edith Weston solicitors incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company 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 submission.
We are getting the release of further monies on our mortgage from Kent Reliance as we intend to conduct improvements to our house in Edith Weston. Are we obliged to select a nearby Edith Weston solicitor on the Kent Reliance conveyancing panel to deal with the legals?
Kent Reliance don't usually require a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance conveyancing panel.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Edith Weston property lawyer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
I require fast conveyancing in Edith Weston as I have pressure to sign on the dotted line within 4 weeks. Fortunately I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you have the choice not to do searches although no solicitor would recommend that you don't. With plenty of history conveyancing in Edith Weston the following are instances of what can be revealed and therefore impact future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
Due to the guidance of my in-laws I had a survey completed on a house in Edith Weston ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may not give a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to 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 used to dealing with flying freeholds in Edith Weston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Edith Weston to see if the conveyancing costs will increase in light of this.
How easy is it to switch solicitor as I need to instruct one who is on the Halifax conveyancing list. I instructed a high street conveyancing solicitor in Edith Weston five minutes from me but he is not accepted by Halifax
It would be our pleasure to help you find a conveyancing solicitor in Edith Weston on the Halifax panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Edith Weston. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Edith Weston.
Last April I purchased a leasehold flat in Edith Weston. Do I have any liability for service charges for periods before my ownership?
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 be sure 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).
Edith Weston Leasehold Conveyancing - A selection of Queries Prior to buying
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How many of the leaseholders are in arrears for their maintenance charge payments? Please note if it is less than 80 years it will affect the salability of the apartment. Check with your lender that they are content with residual term of the lease. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this would cost. For most Edith Westonlease extensions you would be required to have owned the premises for a couple of years in order to be entitled to extend the lease. Is the freehold reversion owned collectively by the tenants?