I do hope you can help me. My Yateley lawyer is assuring me that he has toapply for Yateley conveyancing searches asthe firm are on the Lloydsapproved lawyer panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a bank your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Yateley conveyancing searches.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Yateley. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 16/1/2022, the requirements read as follows :
I am assisting my step-mother sell her flat in Yateley. Does the conveyancing solicitor order the energy performance certificate or should I organise this?
After the demise of Home Packs, EPC’s was retained a compulsory element of moving house. An EPC must be to hand before the property is advertised. This is not as aspect of the sale process that law firms ordinarily organise. If you are instructing a Yateley conveyancing lawyer they might be willing to arrange energy performance certificates due to their relationships with long established Yateley assessors
I am the sole beneficiary of my late father’s will with all property in now in my sole name, including the house in Yateley. The Yateley property was put into my name in December. I want to move. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the property in December. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How practical a view mortgage companies take of it, depend on the mortgage company as this provision chiefly exists to pick up on subsales or the quick reselling of properties.
Is it the case that all Yateley CQS (Conveyancing Quality Scheme) solicitors are on the Kent Reliance conveyancing panel?
A selection of lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
What makes your site different to other internet conveyancing solicitors for conveyancing in Yateley?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Yateley. As opposed to estate agents and many comparison sites we do not have kick-back arrangements with solicitors. Some agents and online brokers 'recommend' the firm paying the highest commission, as opposed to the best value conveyancing in Yateley
I've recently bought a leasehold house in Yateley. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Yateley Leasehold Conveyancing - A selection of Questions you should consider before Purchasing
How many years remain on the lease? Are any of leasehold owners in arrears of their service charge payments? If a Yateley lease has no more than eighty years it will affect the salability of the apartment. Check with your lender that they are content with the length of the lease. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you would need to own the premises for a couple of years before you are legally able to extend the lease.
I acquired a property in Yateley last 16/12/2020 and to date it is still not registered with HM Land Registry. It was part of a development site and my conveyancing practitioner told me that it may take 12 months to register. I have called the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
Call your conveyancer - if you are not getting sensible responses, enquire as to their internal complaints procedure and amplify your concerns to a Partner. Registrations for Yateley conveyancing are not known to be especially complex.