I am considering applying for a RBS mortgage for purchase of a newly converted (under development) in Topsham with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for RBS ?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We are purchasing a property in Topsham. It might be a silly question but how we can trust a conveyancer? At some point we will need to deposit money 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.
Does a directory service exist listing Bank of Ireland panel conveyancers in Topsham on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings available online. Where you are looking for a Topsham property lawyer on the Bank of Ireland please make the most of our tool.
UBS have agreed my mortgage in principle, my bid on a house in Topsham has been accepted, what happens next?
Your estate agent will need to know who your solicitors are (be sure the conveyancing practitioners are on the bank’s approved list). Call up UBS or your financial adviser and complete any relevant paperwork. UBS will instruct a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. UBS will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Topsham.
I am buying a new build flat in Topsham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Topsham
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Topsham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Topsham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Topsham you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Topsham may ascertain 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 residence.
In surfing the world wide web for the term conveyancing in Topsham it brings up many conveyancerslocally. With so much choice what is the best way to find the right solicitor for me?
The best way of finding a suitable conveyancer is via personal recommendation, so seek the counsel of friends and family who have purchased a property in Topsham or a respected estate agent or mortgage broker. Costs for conveyancing in Topsham vary, so it's a good idea to request at least three fee calculations from different property lawyers. Be sure to secure confirmation that the fees are fixed.
My wife and I purchased a leasehold flat in Topsham. Conveyancing and Barclays Direct mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Topsham who acted for me is not around. Any advice?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Topsham conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Topsham - A selection of Queries before buying
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Are any of leasehold owners in dispute over their service charge liability? Are there any major works on the horizon that will likely add a premium to the maintenance fees? It would be wise to investigate if there are any onerous prohibitions in the lease. For instance some leases prohibit pets being permitted in certain buildings in Topsham. If you love the flatin Topsham however your dog is not allowed to move with you then you will be presented with a hard choice.