I can't travel far from Melton Mowbray. What is the rationale as to why all Melton Mowbray conveyancing practitioners are not on all mortgage company panels?
Lenders normally restrict either the nature or volume of conveyancing practices on their panel. A common example of such restriction(s) being that the organisation must have at least two partners. As well as restricting the structure of firm, some have decided to restrict the number of conveyancers they allow to act for them. It is worth noting that mortgage companies have no responsibility for the quality of advice provided by any Melton Mowbray solicitor on their approved list. Mortgage fraud was the primary trigger for the reduction of solicitor panels from 2008 notwithstanding that there are opposing thoughts concerning the extent of solicitor involvement in some of that fraud. Statistics from HMLR reveal that thousands of conveyancing practices only transact less than three conveyances a year. Those advocating conveyancing panel pruning question why law firms should have the right to remain on a conveyancing panel when it is evident that property law is not their speciality?
I own a freehold property in Melton Mowbray but still pay rent, why is this and what is this?
It is rare for properties in Melton Mowbray and has limited impact for conveyancing in Melton Mowbray but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Have completed on a a semi-detached house in Melton Mowbray , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Melton Mowbray conveyancing solicitor has been painfully slow, so I want to be certain that my name is recorded.
There is nothing unique about conveyancing in Melton Mowbray registration formalities. Rather than based on location, timeframes can adjust according to who lodges the application, whether there are errors and if the Land registry communicate with any third persons or bodies. As of today in the region of 80% of submission are completed within two weeks but occasionally there can be extensive hold-ups. Historically registration occurs once the purchaser is living at the premises so 'speed' is not usually primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
Due to the encouragement of my in-laws I had a survey completed on a property in Melton Mowbray prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend refuse to give a mortgage on such a property.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Melton Mowbray. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Melton Mowbray to see if the conveyancing costs will increase in light of this.
In my capacity as executor for the will of my grandfather I am selling a property in Monmouth but reside in Melton Mowbray. My conveyancer (approximately 235 miles awayneeds me to execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Melton Mowbray who can attest this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are located in Melton Mowbray
Estate agents have just been given the go-ahead to market my ground floor apartment in Melton Mowbray. Conveyancing has not commenced, but I have just had a yearly maintenance charge invoice – what should I do?
It best that you discharge the maintenance contribution as normal given that all ground rent and maintenance invoices should be apportioned as part of the financial calculations for completion monies, 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 management companies will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.
Melton Mowbray Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
Who are the managing agents? Best to be warned whether fixing the lift or some other major work is pending to be shared amongst the leasehold owners and may well dramatically increase the the service costs or necessitate a specific payment. In the main the cost for major works are not included within service charges, albeit that there some managing agents in Melton Mowbray ask leasehold owners to contribute towards a reserve fund created for the specific intention of building a fund for major works.