I am due to exchange contracts on my house. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, RBS are being difficult. The Woolacombe solicitor who is on the RBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but RBS are insisting on a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Skipton have agreed my home loan in principle, my offer on a property in Woolacombe has been agreed to, what happens next?
The property agent will need to be advised as to your solicitor's details (ensure that the conveyancers are on the bank’s approved list). Contact Skipton or your financial adviser and finish off any outstanding paperwork. Skipton will sellect a valuer who will get in contact with the estate agent or vendor to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Skipton will issue 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 Woolacombe.
After what feels like an age I have had an offer on an apartment in Woolacombe accepted, but there is a chain. The vendors have put an offer on a property, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Woolacombe. What should be my next step? At what stage do I apply for the mortgage with Skipton?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then survey, Woolacombe conveyancing search fees, etc). The first course of action is to ensure that your property lawyer is on the Skipton approved list. Regarding the subsequent steps this very much dictated by the specifics of your case, motivation for the property and on the state of the market. During a buoyant market many home buyers will apply for the mortgage with Skipton and arrange for the valuation and only if it was satisfactory would they ask their solicitor to proceed with the conveyancing in Woolacombe.
three months have elapsed since my purchase conveyancing in Woolacombe concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Woolacombe. Conveyancing is a frightening process 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.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Woolacombe
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I'm converting the mortgage on my existing home to a BTL loan with National Westminster Bank and intend to use the remaining equity as a down payment on further property. The area we are looking at is Woolacombe. Will your lawyers be able to act for both sets of lenders and link together the conveyances?
Make use of our search tool on this page to be sure that the lawyers are on the relevant lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two deals but you should talk with you lawyer and communicate your desired outcome and needs.
How much will conveyancing in Woolacombe cost?
The total sum charged for conveyancing in Woolacombe are likely to be calculated at:
- a set sum; or
- an hourly rate (i.e. the time spent on the particular case).
These days very few Woolacombe conveyancing firms charge on an hourly basis