My IFA requires my Ferring and Goring lawyer’ panel member for the Nat West conveyancing panel. How do I find this out. I have tried my local Ferring and Goring office but they have not responded to me.
You are best placed to get this information from your Ferring and Goring lawyer . They keep a central record lender panel numbers.
How up to date is your database of Ferring and Goring solicitors on the RBS conveyancing panel? Do RBS send you an updated list?
Ferring and Goring conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
I am the sole recipient of my late grandmother’s will with all property in now in my sole name, including the my former home in Ferring and Goring. The Ferring and Goring property was put into my name in March. I want to move. I do know about the CML six month 'rule', which means that my property ownership may be treated the same way as though I had purchased the house in March. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How sensible a view lenders take of it, depend on the bank as this provision principally exists to capture subsales or the quick reselling of properties.
is it true that all Ferring and Goring conveyancing solicitors on the RBS conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the RBS conveyancing panel they would need to be governed by the SRA. The majority of banks do allow licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
The mortgage over my property is with Kent Reliance for my property in Ferring and Goring. Conveyancing has been completed 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention before letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel solicitor.
Are there restrictive covenants that are commonly identified as part of conveyancing in Ferring and Goring?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ferring and Goring. 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…’
Just had an offer accepted on a new build apartment in Ferring and Goring. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Ferring and Goring
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Ferring and Goring I like with amenity areas and railway links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Ferring and Goring suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.