What is the best way to investigate if the solicitor handling my conveyancing in Purfleet is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for National Westminster Bank thus spending £175.00 in supplemental legal charges.
Please do make use of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Purfleet’ or your preferred area and you will be presented with a number of lawyer offices in Purfleet or near you.
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Purfleet?
Its becoming the norm that commercial conveyancing solicitors in Purfleet will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Purfleet. The search result provides definitive information 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 Purfleet.
For every commercial conveyancing transaction in Purfleet it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Purfleet commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Purfleet.
I own a renovated Victorian property in Purfleet. Conveyancing solicitor acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for 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 Purfleet and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
I am buying a new build house in Purfleet with a mortgage from Platform Home Loans Ltd. The developers would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not to tell my conveyancer about the deal as it could put at risk my loan with Platform Home Loans Ltd. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Purfleet is the location of the property. Can you shed any light on this issue?
Flying freeholds in Purfleet are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Purfleet you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Purfleet may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking at a two flats in Purfleet both have approximately fifty years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Purfleet. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
Following months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Purfleet. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a Purfleet conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Purfleet property is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The unexpired lease term was 76 years.