My husband and I are purchasing a 2 bedroom flat in Great Linford with a mortgage. We like our Great Linford conveyancer, but the lender says he's not on their "panel". It seems we have no choice but to use one of the mortgage company panel firms or keep our Great Linford solicitor and pay for one of their panel lawyers to act for them. We consider that this is inequitable; can we not demand that the bank use our Great Linford conveyancing practitioner ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Great Linford conveyancing solicitor to apply to be on the conveyancing panel.
Me and my brother own a renovated Edwardian house in Great Linford. Conveyancing solicitor represented me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for 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 Great Linford and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who conducted the conveyancing.
Just had an offer accepted on a new build flat in Great Linford. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Great Linford
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I am looking for a flat up to £245,000 and found one round the corner in Great Linford I like with amenity areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Great Linford suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan that many years may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I was pointed in your direction by a few property agents in Great Linford to find a property lawyer on your site. What’s the financial upside for Estate Agents to promote your lawyers over a competitor’s?
We don’t give any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
How do I identify auction conveyancing in Great Linford?
Option 1 is to ask your friends and family they would would instruct. Second, look on the web for conveyancing in Great Linford. Call a couple or more firms from the list and request that they email you their conveyancing fees and speak to the lawyer who will handle your conveyancing before you commit. Third is to make use of this site to assist you in finding the right lawyers for you based on your unique requirements including location,speed, complexity and who your intended mortgage company is.Avoid the trap of appointing lowest cost conveyancing solicitors in Great Linford