I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Crediton. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/5/2021, the requirements read as follows :
I have been on the look out for a flat up to £305k and found one round the corner in Crediton I like with a park and station nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Crediton for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
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At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Crediton. As opposed to estate agents and brokerage sites we do not charge firms a commission if you select them for your conveyancing in Crediton
As co-executor for the will of my uncle I am disposing of a property in Neath but I am based in Crediton. My conveyancer (approximately 300 kilometers from merequires that I sign a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Crediton who can witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Crediton based
My wife and I have instructed a Crediton conveyancing solicitor for our house purchase (novice purchasers) and have picked up in the engagement letter that they are not governed by the Financial Conduct Authority. Am I right to be concerned or is that usually the case with conveyancing practitioner?
We can't see why they should be. Most property lawyer don't lend money. You should check that they are governed by the SRA, who set stringent stipulations in relation to monies sitting on client account.