Me and my partner are due to exchange buying a property in Marple Bridge but as a result of damage from the recent storms I have managed to agree recompense from the current proprietors of £3k in the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process yet UBS will not agree to this. Why were they notified?
Your solicitor being on a UBS approved list is required to disclose to UBS of any variations to the purchase price. If you prohibit your property lawyer to disclose the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new lawyer for your conveyancing in Marple Bridge.
I am buying a new build flat in Marple Bridge. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Marple Bridge you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Marple Bridge.
It has been 3 months following my purchase conveyancing in Marple Bridge took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build flat in Marple Bridge. Conveyancing is a frightening process 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 conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Marple Bridge
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I decided to have a survey carried out on a house in Marple Bridge prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders may not grant a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Marple Bridge. Conveyancing may be slightly more expensive based on your lender's requirements.
I would like to sublet my leasehold apartment in Marple Bridge. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Notwithstanding that your previous Marple Bridge conveyancing solicitor is no longer around you can review your lease to check if it allows you to sublet the premises. The accepted inference is that if the lease is silent, subletting is permitted. There may be a precondition that you are obliged to seek permission from your landlord or other appropriate person in advance of subletting. This means that you cannot sublet without prior consent. Such consent must not not be unreasonably refused ore delayed. If your lease prohibits you from letting out the property you will need to ask your landlord if they are willing to waive this restriction.
Marple Bridge Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
What prohibitions are there in the Marple Bridge Lease? This question is helpful as a) areas could cause problems for the block as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the leaseholders have an issue with the managing agents you will wish to have complete disclosure It is important to be aware whether changing the roof or some other major work is due shortly that will be shared between the leaseholders and could well materially increase the the maintenance costs or require a specific invoice.