Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Bletchley. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/10/2024, the requirements read as follows :
A relative informed me that in buying a property in Bletchley there could be a number of restrictions prohibiting external changes to the property. Is this right?
There are anumerous of properties in Bletchley which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Bletchley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
About to purchase flat in Bletchley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Bletchley solicitor is on the RBS conveyancing panel.
Virgin Money have agreed my mortgage in principle, my offer on a property in Bletchley has been agreed to, what are the next steps?
The property agent will want to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Telephone Virgin Money or the financial adviser and finish off any appropriate forms. Virgin Money will sellect a valuer who will get in touch with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Virgin Money will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Bletchley.
I require fast conveyancing in Bletchley as I am faced with a deadline to complete within one month. Thankfully I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a home loan you have the choice not to have searches carried out although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Bletchley the following are examples of what can arise and therefore impact future mortgageability: Enforcement Actions, Outstanding Fees, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Bletchley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bletchley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been advised by a few estate agents in Bletchley to choose a solicitor on your site. What’s the financial upside for Estate Agents to market your lawyers rather than a competitor’s?
We refuse to offer any referral fee for directing people our way. We found it would be just too difficult a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.