We are buying a 2 bedroom flat in Redfield with a mortgage. We have a Redfield conveyancer, however the mortgage company says he's not on their "panel". It appears that we have little option but to select one of the mortgage company panel conveyancing practices or retain our Redfield conveyancer as well as pay for one of their panel ones to act for them. We consider that this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Redfield conveyancing solicitor to apply to be on the conveyancing panel.
We are buying a property and need a conveyancing solicitor in Redfield who is on the Barclays approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Redfield.
About to purchase a new build apartment in Redfield. 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 conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Redfield
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Redfield I like with a park and station nearby, however it's only got 49 years on the lease. There is not much else in Redfield in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities 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 concerning this.
As co-executor for the will of my grandmother I am disposing of a property in Neath but live in Redfield. My lawyer (who is 300 miles from merequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Redfield who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Redfield
I've recently bought a leasehold property in Redfield. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Redfield Leasehold Conveyancing - Sample of Queries Prior to Purchasing
Is anyone aware of any major works in the planning that will add a premium to the maintenance fees? How many of the leaseholders are in arrears for their service charge payments? It would be wise to find out if there is anything that is prohibited in the lease. For instance it is fairly common in Redfield leases that pets are not allowed in in a block in Redfield. If you love the flatin Redfield however your cat is not allowed to move with you then you will be presented with a hard compromise.