I am not well enough to travel far from Gallows Corner. What is the rationale as to why all Gallows Corner conveyancers aren't automatically on all mortgage company panels?
Mortgage companies highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in mortgage companies purging less reputable firms from their books of approved solicitors .
My friend suggested that where I am purchasing in Gallows Corner I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Gallows Corner conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Gallows Corner around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Gallows Corner.
Are there restrictive covenants that are commonly picked up during conveyancing in Gallows Corner?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Gallows Corner. 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 flat in Gallows Corner. Conveyancing is necessary evil 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 legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Gallows Corner
Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan.
I'm remortgaging my existing property to a BTL mortgage with Platform Home Loans Ltd and I will use the rest of the raised equity towards a second house. The location we are talking about is Gallows Corner. Will your solicitors be able to act for both sets of lenders and link together the conveyances?
Do use our comparison tool on this site to check that the solicitors are approved by both mortgage companies. Having checked that they are your conveyancer should be able to connect the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.
Can a conveyancer remove a person from the title of my property in Gallows Corner ?
Extracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer