My financial adviser says he needs my South Brent lawyer’ panel member for the Santander conveyancing panel. What is the best way to discover this. I have e-mailed my local South Brent branch but they have not responded to me.
The sensible thing to do is ask for this information from your South Brent property lawyer . Most South Brent law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
I have 71 years left on my lease and require a lease extension for my flat in South Brent. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/4/2024 the requirements read as follows :
I'm the sole recipient of my late father’s estate and I have everything in my name alone, including the my former home in South Brent. Conveyancing formalities meant that the Land Registry date was in March. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my property ownership will be treated the same way as if I'd bought the property in March. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view banks take of it, depend on the lender as this obligation is primarily there to pick up on subsales or the flipping of property.
When it comes to lenders such as Lloyds, do South Brent lawyers incur an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
After shopping around on the internet I have found a South Brent conveyancing practitioner having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own South Brent surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. South Brent is where the house is located. Can you shed any light on this issue?
Flying freeholds in South Brent are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Brent you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Brent 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.
In what way does the Landlord & Tenant Act 1954 affect my business offices in South Brent and how can you help?
The 1954 Act affords a safeguard to commercial lessees, granting the right to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in South Brent
Are the South Brent conveyancing lawyers identified as being on the lender conveyancing panel, together with their details provided by the mortgage company?
South Brent law firm practices and firms conducting conveyancing in South Brent themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the mortgage company directly.