What is the difference between a licensed conveyancer and conveyancing solicitor in Caddington

There are many recorded licenced Conveyancers in Caddington and Solicitor firms in Caddington offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

Is there a list of Coventry BS panel solicitors in Caddington on the Building Society Association’s Website?

No. There is no such tool on the CML or Building Society Association websites. Very few mortgage companies make their panel listings available on the web. If you are in need of a Caddington property lawyer on the Coventry BS please use our tool.

My partner and I are at the point of looking at houses in Caddington and I am now considering a potential offer. Should I already have a conveyancer appointed at this stage? I am planning to take a mortgage with Virgin Money.

It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are seeking a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.

Just had an offer accepted on a new build apartment in Caddington. 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 are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Caddington

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

I opted to have a survey done on a property in Caddington ahead of appointing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a property.

It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Caddington. Conveyancing may be slightly more expensive based on your lender's requirements.

I today plan to offer on a house that appears to be perfect, at a reasonable figure which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Caddington. Conveyancing lawyers have are soon to be instructed. Will they explain the issues?

Most houses in Caddington are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Caddington so you should seriously consider looking for a Caddington conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer should appraise you on the various issues.

Leasehold Conveyancing in Caddington - Examples of Queries before Purchasing

How many of the leaseholders are in arrears for their maintenance charge payments? It would be prudent to discover as much as possible concerning the managing agents as they can either make life much simpler or uncomfortable. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to practical matters such as the upkeep of the common parts. Don't be shy to ask prospective neighbours what they think of them. In conclusion, find out the dates that the maintenance fees are due to the managing agents and precisely how they are spending the funds. Is the freehold owned jointly by the tenants?

Being a leasehold owner I am liable for a maintenance fee for my ground floor flat in Caddington. As a result of personal circumstances I slipped into arrears with remittance. I negotiated a payment plan but there is still three grand currently due.

I now wish to sell and I am worried this can hold me back if I have to pay off the amount due first. Do I have to settle before - is this practicable?

It would be wise to check with the solicitor dealing with your Caddington conveyancing but one option may be to agree for the outstanding amount to be attributed to the buyers. The contractual price payable would be reduced to reflect the amount of debt they take on. They could then pay the arrears once they are the owners.