I am hoping to receive a offer of a home loan from Santander. I intend to enlist the help of a Licensed Conveyancer in Matlock. Does the Santander Conveyancing panel exclude conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I am the single beneficiary of my late mum's estate with all property in now in my sole name, including the my former home in Matlock. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship may be considered the same way as though I had purchased the house in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this obligation is primarily there to capture the purchase and immediately sell or the quick reselling of properties.
We are getting a further advance on our home loan from HSBC as we want to carry out renovations to our house in Matlock. Are we obliged to appoint a local Matlock solicitor on the HSBC conveyancing panel to deal with the paperwork?
HSBC don't usually instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC conveyancing panel.
Last month we had a mortgage agreed in principle with Kent Reliance. Matlock conveyancing practitioners are selected. How long does it take for Kent Reliance to send the offer to the lawyer?
There is no definitive answer here. Have Kent Reliance conducted the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a property in Matlock?
Unless a previous purchase of the house took place after 12 October 2013 you can expect lawyers carrying out conveyancing in Matlock to remain recommending a chancel search and or insurance against a claim.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Matlock I like with amenity areas and transport links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Matlock suitable, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan that many years will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
In what way does the Landlord & Tenant Act 1954 impact my business offices in Matlock and how can your lawyers assist?
The 1954 Act affords protection to business tenants, giving them the dueness to apply to court for a new lease and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Matlock
Should I instruct a Matlock conveyancing solicitor who is local to the property I am buying? I have an old university friend who can conduct the legal formalities but his firm is located 400miles drive away.
The benefit of a high street Matlock conveyancing practice is that you can pop in to sign paperwork, present your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that should trump using an unknown Matlock conveyancing lawyer solely due to them being local.