I plan on acquiring a leasehold flat in Park Hill. My Solicitor has never been on on the lender conveyancing list. Can I still continue with my Park Hill conveyancing solicitor even though they are excluded from the lender approved list?
Various options include
- Complete the deal with your existing Park Hill conveyancer but your mortgage company will no doubt appoint a property lawyer from their approved list. This will result in additional charges and probable interruption.
- Choose a fresh conveyancing practitioner to conduct the conveyancing, ensuring that they are on the lender conveyancing panel.
- Appeal to your solicitor to apply to join the mortgage company panel
Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a garden flat in Park Hill. Do I receive the keys to the property on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Park Hill?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be invited to receive the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
I am buying a property in Park Hill. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with TSB your lawyer must follow the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and solicitors are required to report to TSB where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties nationwide and is not restricted to Park Hill.
Completion of my purchase has taken place for my property in Park Hill. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Me and my brother have a 4 bedroom Victorian house in Park Hill. Conveyancing practitioner represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same property. 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Park Hill 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 purchasers. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
Just had an offer accepted on a new build flat in Park Hill. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Park Hill
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.
Estate agents have just been given the go-ahead to market my basement flat in Park Hill. Conveyancing has not commenced, however I have just received a quarterly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as you normally would given that all ground rent and service invoices should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies 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. Having a clear account will assist your cause and will leave you no worse off financially.
Park Hill Leasehold Conveyancing - Examples of Questions you should consider before buying
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On the whole the outlay for major works tend not to be built into the maintenance charges, albeit that there some managing agents in Park Hill obliged leasehold owners to contribute towards a reserve fund created for the specific intention of establishing a fund for major works. What is the maintenance charge and ground rent on the property? Is anyone aware of any major works anticipated that will add a premium to the service fees?
What advice do you have for searching for reasonably priced conveyancing in Park Hill?
First ask your friends and family who they would recommend. Second, look on the internet for conveyancing in Park Hill. Phone two or three from the list and ask them to email you their conveyancing estimate and speak to the lawyer who will handle your conveyancing before you commit. Option 3 is to use our search tool to help you find the right lawyers taking into account your unique factors including location,speed, complexity and who the proposed mortgage company is.Resist the temptation to appoint £99 conveyancing solicitors in Park Hill