Have just purchased a probate house at auction in Ferndown. Conveyancing is required. What happens now?
Now that you have legally bound yourself to purchase you will need to hire the services of a conveyancing practitioner as a matter of priority as you now have a pending deadline in which to complete the deal. Every auction property will have a corresponding auction pack. This will include most,if not all of the documents that your lawyer will need. Where you are dealing with leasehold property the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You should hand this to the conveyancer working for you at the earliest opportunity. Do make sure that you have funds in place to complete on the date specified in the contract.
I am purchasing a property in Ferndown. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
Given that you are obtaining a mortgage with Barclays your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Barclays. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and lawyers are required to report to Barclays where a lease does not comply with these specifications. The provisions relate to the installation of panels on properties countrywide and is not isolated to Ferndown.
The formalities of my purchase has taken place for my property in Ferndown. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Me and my brother have a renovated Edwardian property in Ferndown. Conveyancing practitioner acted for me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ferndown and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who conducted the work.
Due to the input of my in-laws I had a survey completed on a property in Ferndown before appointing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not grant a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ferndown. Conveyancing will be smoother if you use a solicitor in Ferndown especially if they are acquainted with such properties in Ferndown.
I am looking into buying my first house which is in Ferndown and I am already nervous. I couldn't find anything specific about Ferndown. Conveyancing will be needed in due course but do you know about the Ferndown area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ferndown. In the meantime here are some basic statistics that we found
Back In 2001, I bought a leasehold flat in Ferndown. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Ferndown who acted for me is not around. Any advice?
The first thing you should do is make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Ferndown conveyancing firm to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a 1st floor flat in Ferndown, conveyancing formalities finalised in 2004. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Ferndown with a long lease are worth £202,000. The ground rent is £60 per annum. The lease comes to an end on 21st October 2080
With just 57 years unexpired we estimate the price of your lease extension to range between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
When it comes to my conveyancing in Ferndown should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Ferndown conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.