Am I correct in assuming that the fact that my conveyancer in Theale is not identified on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Theale conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
I need some quick conveyancing in Theale as I am faced with an ultimatum to complete inside 2 weeks. Fortunately I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches carried out although no conveyancer would recommend that you don't. With lots of history conveyancing in Theale the following are examples of what can crop up and therefore impact future mortgageability: Enforcement Notices, Outstanding Fees, Overdue Grants, Unadopted Roads,...
I have todayfound out that Stirling Law have closed. They carried out my conveyancing in Theale for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Theale conveyancing specialists.
I have been on the look out for a leasehold apartment up to £235,500 and found one round the corner in Theale I like with open areas and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Theale in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I'm refinancing my current property to a buy to let mortgage with Halifax and intend to use the remaining equity as a deposit on a second property. The area we are talking about is Theale. Will your solicitors be able to act for both sets of lenders and tie in the transactions?
Make use of our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. Assuming that they are your conveyancer will be able to tie up the two deals but you should talk with you solicitor and make clear your desired outcome and needs.
Due to complete next month on a leasehold property in Theale. Conveyancing solicitors have said that they will have a report out to me on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Theale should include some of the following:
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How long the lease is. You should receive guidance as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years Your conveyancers should enable you to have an understanding of the building insurance requirements What you can do if another leaseholder in the building breaches a clause of their lease? What the implications are if you breach a clause of your lease? Rent payments - how much and when you need to pay, and be on notice if this will change in the future
Theale Conveyancing for Leasehold Flats - A selection of Queries before buying
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Its a good idea to discover as much as possible concerning the company managing the block as they will either make your living at the property much easier or much more difficult. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to daily matters such as the tidiness of the common parts. You should not be shy to ask other tenants whether they are happy with their management. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the relevant party and precisely what you get for your money. Who manages the building?