Me and my partner are buying a flat in Great Yarmouth. I might seem paranoid but how we can trust a conveyancer? At some point we will need to deposit our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the sole beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Great Yarmouth. Conveyancing formalities meant that the Land Registry date was in May. I plan to dispose of the property. I understand that there is a CML six month 'rule', meaning my property ownership will be treated the same way as if I'd bought the house in May. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Some banks would take a practical view as this provision principally exists to capture subsales or the flipping of properties.
Can you point me to a directory of Aldermore panel conveyancers in Great Yarmouth on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings viewable over the internet. If you are in need of a Great Yarmouth property lawyer on the Aldermore please make the most of our tool.
My wife and I own a renovated Edwardian property in Great Yarmouth. Conveyancing practitioner acted for me and Barclays . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same address. Is it worth asking Barclays to clarify?
You should assess 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Great Yarmouth 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 check the position with the conveyancing solicitor who conducted the purchase.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Great Yarmouth is where the house is located. Can you offer any guidance?
Flying freeholds in Great Yarmouth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Great Yarmouth you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Yarmouth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I was recommended by numerous estate agents in Great Yarmouth to find a property lawyer on your site. Is there a financial advantage for Estate Agents to recommend your services over alternative conveyancing organisations?
We don’t make any commission for directing people our way. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
All being well we will complete our sale of a £450,000 apartment in Great Yarmouth next Thursday. The managing agents has quoted £312 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Great Yarmouth?
For the majority of leasehold sales in Great Yarmouth conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in Great Yarmouth
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Great Yarmouth Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
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Are there any major works in the near future that will increase the maintenance charges? It would be wise to find out as much as possible about the managing agents as they can either make your life much easier or uncomfortable. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to every day matters such as the cleanliness of the communal areas. Ask other people what they think of them. In conclusion, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically how they are spending the funds.
I have been searching for Great Yarmouth competitive conveyancing fees. Can I be assured that all the Great Yarmouth practices that are listed on your directory are on the mortgage company conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Great Yarmouth firm being on the bank conveyancing panel is incorrect.