I have just been advised by my mortgage adviser that my Iver the law firm I have appointed is not on the mortgage company Solicitor panel. What can I do to be certain whether this is indeed the case?
The first thing you need to do is to call your Iver lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Have just purchased a probate house at auction in Iver. Conveyancing is needed. What are my next steps?
Having to all intents and purposes signed on the dotted line you will need to find a conveyancing practitioner as a matter of urgency as you now have a fast approaching a fixed date to complete the property. Every auction property should have a bespoke legal pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in order to complete on the on the contractual date .
I happen to be the sole recipient of my late grandmother’s estate and I have everything in my name now, including the my former home in Iver. The Iver property was put into my name in December. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership will be considered the same way as though I had purchased the property in December. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. Some banks would take a pragmatic view as this obligation chiefly exists to capture subsales or the flipping of properties.
At last I have had an offer on a maisonette in Iver accepted, but there is a chain. The owners have offered on a property, however it’s not yet tied up, and have viewings of other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Iver. What should be my next step? When should I get the mortgage application with Clydesdale started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then survey, Iver conveyancing search charges, etc). The first course of action is to ensure that your conveyancer is on the Clydesdale conveyancing panel. Regarding the subsequent phase this very much depends on the circumstances of your transaction, attraction to this property and on the state of the market. In a buoyant market some home buyers would apply for the mortgage with Clydesdale and arrange for the valuation and only if it comes back ok would they ask their solicitor to move forward with searches.
About to purchase a new build flat in Iver. Conveyancing is daunting 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 is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Iver
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the input of my in-laws I had a survey completed on a property in Iver prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not give a loan on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Iver. Conveyancing may be slightly more expensive based on your lender's requirements.
My step-father has suggested that I use his lawyers for conveyancing in Iver. Should I use them?
Much as we are happy to recommend a Iver conveyancing lawyer it’s preferable to select a conveyancing lawyer is to get feedback from friends or family who have actually previously instructed the solicitor you're are thinking of instructing.
I’m about to sell my basement flat in Iver.Conveyancing has not commenced however I have recently received a quarterly maintenance charge invoice – Do I pay up?
It best that you pay the service charge as normal as all rents and service payments should be allottedon completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process