As someone not used to the Temple Fortune conveyancing process what’s your top tip you can give me concerning the house moving process in Temple Fortune
You may not hear this from too many lawyers but conveyancing in Temple Fortune or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists an abundance of room for confrontation between you and others involved in the transaction. For instance, the vendor, estate agent and on occasion a mortgage company. Selecting a law firm for your conveyancing in Temple Fortune should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the transaction whose interest is to act in your legal interests and to protect you.
There is a distinct ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. You must always trust your conveyancer above all other parties in the home moving process.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Temple Fortune. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/1/2020, the requirements read as follows :
Can you help - my lawyer advises that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Temple Fortune?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such policies.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Temple Fortune bank branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Temple Fortune conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend based on their specific requirements. Who do I believe?
The conveyancer must comply with the Council of Mortgage Lenders’ Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told two weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Temple Fortune is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
I purchased a terraced Edwardian house in Temple Fortune. Conveyancing practitioner represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Temple Fortune and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who conducted the conveyancing.
I need to instruct a conveyancing practitioner in Temple Fortune for my purchase. Can I check a firm’s complaints history with the profession’s regulator?
Anyone may read published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could monitor call for training purposes.
I own a leasehold house in Temple Fortune. Conveyancing and Nottingham Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Temple Fortune who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Temple Fortune conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Notwithstanding our best endeavours, we have been unsuccessful in negotiating a lease extension in Temple Fortune. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Temple Fortune conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Temple Fortune premises is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case was in relation to 1 flat. The unexpired residue of the current lease was 76 years.