I am expecting a mortgage offer from Halifax. My intention is to employ the services of a Licensed Conveyancer in Highcliffe. Does the Halifax Conveyancing panel include conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My solicitor has discovered a defect with the lease for the flat we are purchasing in Highcliffe. The seller’s lawyers have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the lender is content with this solution. Who is the client here, us or the bank?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. The appropriate lender requirements must be adhered to.
Why is leasehold purchase conveyancing in Highcliffe is more expensive?
In summary, leasehold conveyancing in Highcliffe and Dorset usually requires more due diligence compared to freehold conveyancing. This includes reviewing the lease, communicating with the landlord about the service of required notices, securing current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial land in Highcliffe?
Many commercial conveyancing solicitors in Highcliffe will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Highcliffe. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Highcliffe.
For each commercial conveyancing transaction in Highcliffe it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Highcliffe commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Highcliffe.
Are there restrictive covenants that are commonly picked up during conveyancing in Highcliffe?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Highcliffe. 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…’
What does commercial conveyancing in Highcliffe cover?
Highcliffe conveyancing for business premises covers a wide range of services, provided by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.