I am getting a mortgage offer from Lloyds. I would like to instruct a Licensed Conveyancer in Frimley. Does the Lloyds Solicitor panel exclude conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am the registered owner of a freehold property in Frimley but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Frimley and has limited impact for conveyancing in Frimley 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am expecting a AIP from HSBC this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Frimley solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Frimley solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I have paid off my mortgage with Nottingham. I assume I don't need a Frimley property lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham 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 Nottingham mortgage from the register. Nottingham, 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 Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
Principality have agreed my home loan in principle, my offer on a apartment in Frimley has been accepted, what are the next steps?
Your property agent will want to be advised as to your property lawyer's details (ensure that the lawyers are on the lender’s approved list). Telephone Principality or your broker and complete any appropriate paperwork. Principality will sellect a valuer who will get in touch with the estate agent or vendor to arrange an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Principality will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Frimley.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Frimley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Frimley. 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…’
My step-father has suggested that I use his conveyancing solicitors in Frimley. Should I choose my own solicitor?
Much as we are happy to recommend a Frimley conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to get guidance from friends or relatives who have previously instructed the firm you're considering.
I am buying a maisonette mortgage free. My conveyancer has been handed with two distinct forms of photo identification, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer acknowledging that the funds are in place and that it has come from inheritance and not selling fake DVD.
In today’s world you will not be able to complete any Frimley conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering Regulations.