I have just started taking steps with a view to switching my existing standard mortgage to a BTL Birmingham Midshires mortgage. I was told by my mortgage that I need a lawyer for this. I got in contact with the same Seascale conveyancing practitioner who acted on my behalf when I initially bought the house. The quote issued of £575 plus disbursements is an eye-watering amount to do this as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The costs illustration is slightly on the expensive side. If you you were to look around you may be able to decrease the fees slightly by perhaps a hundred pounds. That being said, assuming were pleased with the conveyancing the firm gave you maylive to rue opting for an an unknown lawyer. Don't forget to enquire that the solicitor can represent Birmingham Midshires. You can employ our search tool to choose a Seascale conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Seascale.
I am the single recipient of my late mum's will with all property in now in my sole name, including the my former home in Seascale. The Seascale property was put into my name in August. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship will be regarded the same way as if I'd bought the house in August. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Some lenders would take a practical view as this requirement is principally there to identify the purchase and immediately sell or the quick reselling of property.
I have paid off my mortgage with Principality. I assume I don't need a Seascale lawyer on the Principality panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
About to purchase maisonette in Seascale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Seascale conveyancer is on the Lloyds conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Seascale. Conveyancing is a frightening process 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.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Seascale
There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
Due to the advice of my in-laws I had a survey completed on a property in Seascale ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies may refuse to issue a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Seascale. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Seascale to see if the conveyancing costs will increase in light of this.
Are there any apps to assist me to locate a Seascale law firm on the Bank of Scotland conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Seascale conveyancing lawyers located nearest you. We have listed some Seascale conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Bank of Scotland approved list
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Seascale. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Seascale ?
The majority of houses in Seascale are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Seascale in which case you should be shopping around for a Seascale conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to carry out changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your solicitor should advise you fully on all the issues.
Seascale Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
Best to be warned whether window replacement or some other major work is anticipated that will be shared by the tenants and could well dramatically impact the level of the maintenance costs or result in a specific invoice. Is the freehold owned jointly by the tenants?