When it comes to lenders such as Leeds Building Society, do Marlow property lawyers face a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I am currently in the process of buying my council flat in Marlow. I have a mortgage offer with Kent Reliance. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
Planning on purchasing a flat in Marlow. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Marlow property lawyer is on the Co-operative conveyancing panel.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in Marlow?
Many commercial conveyancing solicitors in Marlow will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Marlow. The search result 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 Marlow.
For every commercial conveyancing transaction in Marlow 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 can cause delays to Marlow commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Marlow.
My wife and I purchased a semi-detached Victorian property in Marlow. Conveyancing practitioner acted for me and Leeds Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be 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 Marlow and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing practitioner who carried out the work.
How does conveyancing in Marlow differ for newly converted properties?
Most buyers of new build property in Marlow approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because builders in Marlow tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Marlow or who has acted in the same development.
I decided to have a survey done on a house in Marlow in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you e-mail us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Marlow. Conveyancing may be slightly more expensive based on your lender's requirements.
As a tenant I am liable for a service charge for my appartment in Marlow. Due to losing my job and other issues I fell into arrears with remittance. The managing agents agreed a settlement schedule but there remains about £3000 remaining to be paid.
I now wish to dispose of the property and I am nervous that this could hold me back if I have to pay off the amount due now. Do I have to settle before - is this viable?
Your lawyer should be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept payment out of the sale proceeds. This is an example of why it might be good to choose a property lawyer in Marlow as they are likely to have an established relationship with the parties.