Will my conveyancing lawyers need to check that the building insurance when buying a house in Penley. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/5/2024, the requirements read as follows :
We are planning to move house in July. Will my conveyancing solicitor call the removal company on the day of completion. As an aside, can you recommend a removal company in Penley. Conveyancing firm was chosen prior to coming across your website.
On the day of completion you can collect the keys from the estate agent but this should only happen when the previous owners solicitors inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you can tell the removal company that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a conveyancing in Penley or a lawyer with expertise in conveyancing in Penley.
Lloyds have agreed my home loan in principle, my offer on a property in Penley has been agreed to, what happens next?
Your property agent will want to know who your solicitors are (be sure the solicitors are on the lender’s panel). Call up Lloyds or the broker and finalise any outstanding documentation. Lloyds will sellect a valuer who will get in touch with the selling agent or vendor to book an appointment. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. Lloyds will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Penley.
I have finally had an offer on an apartment in Penley agreed to, but there is a chain. The sellers have put an offer on somewhere, however it’s not yet agreed to, and are looking at other flats booked. I have selected a local conveyancing solicitor in Penley. What should be my next step? When do I get the mortgage application with Aldermore going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx £1k, then survey, Penley conveyancing search fees, etc). First, you must ensure that your lawyer is on the Aldermore approved list. As to the subsequent phase this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. In a hot market many home buyers would apply for a home loan with Aldermore and arrange for the valuation and only if it was satisfactory would they ask their property lawyer to move forward with the conveyancing in Penley.
My wife and I have a terraced Georgian property in Penley. Conveyancing practitioner represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for 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 Penley 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 mortgage companies. You can also question the position with the conveyancing solicitor who conducted the conveyancing.
I'm refinancing my current home to a buy to let mortgage with Barclays and I will use the rest of the raised equity as a down payment on another house. The area we are talking about is Penley. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Make use of our search tool on this site to check that the lawyers are approved by both lenders. On the basis that they are the lawyer should be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
My brother has recommend that I use his conveyancing solicitors in Penley. Should I use them?
There are no two ways about it the best way to find a conveyancing solicitor is to get referrals from friends or relatives who have previously instructed the solicitor that you are contemplating using.