My wife and I are soon to exchange buying a property in Alton but as a result of wreckage from the recent storms I have was able negotiate compensation from the vendor of £2k by way of a reduction in the price. I had intended this to be addressed as part of a side agreement but Barclays will not permit this. Why were they informed?
The conveyancer that is on a Barclays conveyancing panel is obliged to inform Barclays of any amendments to the sale price. If you prohibit your lawyer to report the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new lawyer for your conveyancing in Alton.
Are the BSA planning on creating a search tool with a view to to identify law firms on the Loughborough BS conveyancing panel for example in Alton?
We are not aware of any intention on the part of the BSA to promote such a search facility.
Have just purchased a probate house at auction in Alton. Conveyancing is needed. What happens now?
Now that you are legally bound yourself to purchase you should appoint a conveyancing lawyer soon as you are faced with a fast approaching deadline in which to complete the purchase. All auction property will have an associated legal set of papers. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You should give this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in order to complete on the on the contractual date .
I am the single recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Alton. The Alton property was put into my name in November. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership may be considered the same way as though I had purchased the property in November. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs 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 could be impacted by that. How sensible a view lenders take of it, depend on the mortgage company as this obligation is principally there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
It is not clear whether my mortgage offer requires a lease extension. I have called my Alton building society branch on a couple of occasions and was reassured it wasn't a problem and they would lend. My Alton conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend in accordance with their specific requirements. Who do I believe?
Your conveyancer has to follow the CML Handbook Part 2 requirements 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am buying a house and the lawyer has identified Chancel Repair for which the property could be liable as it falls into the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Alton
Unless a prior acquisition of the property took place post 12 October 2013 you may assume that lawyers conducting conveyancing in Alton to continue to advocate a chancel search and or chancel repair liability insurance.
In what way does the Landlord & Tenant Act 1954 impact my business offices in Alton and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial tenants, granting the dueness to make a request to court for a renewal tenancy and continue in occupation when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Alton is one of our many areas of the UK in which our lawyers are located