Me and my partner are purchasing a property in Stilton. I might seem paranoid but how we can trust a conveyancer? At some point we have to deposit our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Coventry BS panel solicitors in Stilton on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings open the public online. If you are seeking to appoint a Stilton property lawyer on the Coventry BS please make the most of our tool.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Stilton solicitor on the HSBC panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your HSBC 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 HSBC mortgage from the register. HSBC, 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 HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
The deeds to my home are lost. The conveyancers who did the conveyancing in Stilton 4 years ago no longer exist. What are my options?
As long as the title is registered the information relating to your proprietorship will be recorded by the Land Registry under a Title Number. It is easy to conduct a search at the Land Registry, locate your property and order current copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will in most cases hold a file duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
I am purchasing a new build house in Stilton with a loan from Coventry Building Society. The developers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about this deal as it would impact my loan with Coventry Building Society. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Stilton in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to issue a loan on such a house.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stilton. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to appoint a Stilton conveyancing lawyer based in the vicinity that I am purchasing? We have a good friend who can perform the legal work but his firm is located over three hundred miles drive away.
The primary upside of using a high street Stilton conveyancing practice is that you can drop in to sign paperwork, hand in your ID and pester them if necessary. They will also have local intelligence which is a bonus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were impressed that must trump using an unknown Stilton conveyancing solicitor solely due to them being round the corner.
I am in need of some leasehold conveyancing in Stilton. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Stilton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Stilton - Examples of Queries before Purchasing
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The answer will be useful as a) areas can result in problems in the block as the communal areas may start to deteriorate if maintenance are not paid for b) if the leaseholders have a dispute with the running of the building you will want to have all the details How many of the leaseholders are in arrears for their maintenance charge payments?