I purchased a semi-detached Edwardian house in Ireleth and Askam. Conveyancing practitioner represented me and The Mortgage Works. 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 under the matching address. I thought I was buying a freehold how can I check?
You need to read 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 Ireleth and Askam and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
I am purchasing my first flat in Ireleth and Askam with a loan from Bank of Ireland. The developers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not to tell my lawyer about the side-deal as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a quick, chain free conveyancing. Ireleth and Askam is the location of the property. Can you offer any advice?
Flying freeholds in Ireleth and Askam are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ireleth and Askam you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ireleth and Askam 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.
Hoping to buy a property located in Ireleth and Askam and I am already nervous. I couldn't find anything specific about Ireleth and Askam. Conveyancing will be needed in due course but do you know about the Ireleth and Askam area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ireleth and Askam. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for remortgage conveyancing in Ireleth and Askam. I've land on a site which seems to have the perfect answer If it is possible to get all the legals done via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?