Our conveyancer has identified a defect with the lease for the property we are buying in Rise Park. The other side have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the bank is happy with this solution. Who is the client here, us or the lender?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender specifications have to be complied with.
Do the Building Society Association intend to launch a searchable register to to identify practices on the Melton Mowbray Building Society conveyancing panel for example in Rise Park?
Lexsure has not been advised of any plans on the part of the BSA to promote such a search facility.
Various web forums that I have come across warn that are the main reason for delay in Rise Park conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Rise Park.
How do I identify a Rise Park solicitor on the Bank of Ireland conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Rise Park conveyancing lawyers located nearest you. We have detailed some Rise Park conveyancing firms towards the end of this page and you can contact them to see if they are on the Bank of Ireland approved list
As co-executor for the estate of my grandfather I am selling a property in Cardiff but live in Rise Park. My lawyer (approximately 300 miles awayrequires that I execute a statutory declaration before completion. Can you recommend a conveyancing solicitor in Rise Park who can witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Rise Park
Having checked my lease I have discovered that there are only Sixty One years left on my lease in Rise Park. I now wish to extend my lease but my landlord is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to prove that you have used your best endeavours to find the landlord. On the whole an enquiry agent would be useful to conduct investigations and to produce a report which can be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Rise Park.
I am the proprietor of a first floor flat in Rise Park. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
in cases where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Lease Extension matter before the tribunal for a Rise Park premises is Flat b 14 Kemble Road in May 2014. The Tribunal assessed the value of the premium payable for the lease extension to be £9,761 This case related to 1 flat.