I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Hockley Heath. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/5/2024, the requirements read as follows :
This question may be naive but I am unexperienced as FTB of a two bedroom flat in Hockley Heath. Do I receive the keys to the house on completion from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Hockley Heath?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be called to pick up the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
I am buying a property in Hockley Heath. A rare aspect is that the roof has a solar panel. HSBC have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is HSBC your lawyer must check the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook contains minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to HSBC where a lease fails to satisfy these provisions. The specifications relate to the installation of panels on properties countrywide and is not restricted to Hockley Heath.
After much negotiation I have agreed a price on a house in Hockley Heath. My financial adviser pressured me to appoint their property lawyer. I paid an advanced payment of £200. Soon after, the conveyancing practitioner contacted me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am looking for a leasehold apartment up to £245,000 and found one close by in Hockley Heath I like with amenity areas and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Hockley Heath for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
Are there any apps to assist me to search for a Hockley Heath solicitor on the Bank of Ireland conveyancing panel? I have a car and am willing to travel upto 10kilometers to meet the solicitor.
You can use the facility on this website. Please choose the bank and your location and you will see a number of Hockley Heath conveyancing lawyers based on proximity. We have listed some Hockley Heath conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Bank of Ireland panel
My mum and dad cant seem to find their Hockley Heath land registry title on the site. They have a vague memory 48 years ago when they acquired the property there were complications with Hockley Heath not being recognised in some systems.
Nearly all residences in Hockley Heath should be revealed. Have you tried a search with simply the postcode. Usually it should identify all the premises inside the postcode. Assuming the property is registered it will be there with a title number. If they bought sixty years ago it's conceivable it may be not yet registered. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which could be with your parent’s lender.