Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a ground floor flat in Droitwich Spa. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Droitwich Spa?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the seller's lawyers, and once they have received this, you will be invited to receive the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
I am buying a property in Droitwich Spa. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?
As you are obtaining a mortgage with Santander your lawyer must follow the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Santander where a lease does not meet these conditions. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Droitwich Spa.
I can not fathom if my lender requires a lease extension. I have called my Droitwich Spa bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Droitwich Spa conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I have no idea who is right.
As long as the conveyancer is on the bank approved list, they must comply with the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. Droitwich Spa is where the house is located. What do you suggest?
Flying freeholds in Droitwich Spa are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Droitwich Spa you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Droitwich Spa may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My business partner and I are wishing to take over a lease of a shop on the high street. Can you recommend lawyers offering no-sale-no fees for non-domestic conveyancing in Droitwich Spa for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Droitwich Spa, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. As for the costs these will vary based on the structure and complexity of the deal. Please provide us with your contact information or telephone us so that we can supply you with a fixed commercial conveyancing quote.
I am a negotiator for a busy estate agent office in Droitwich Spa where we see a few leasehold sales put at risk due to leases having less than 80 years remaining. I have received contradictory information from local Droitwich Spa conveyancing solicitors. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Droitwich Spa - Examples of Queries before buying
What is the name of the managing agents? What is the annual service fee and ground rent? Many Droitwich Spa leasehold properties will be liable to pay a service bill for maintenance of the building invoiced by the freeholder. If you buy the flat you will have to meet this charge, normally periodically throughout the year. This could vary from several hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, this is usually not a large figure, say about £50-£100 but you need to enquire it because occasionally it can be surprisingly expensive.
Are there any apps to help find a Droitwich Spa conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 15kilometers to meet the solicitor.
Feel free to make use of the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Droitwich Spa and you will see a number of lawyer located nearest Droitwich Spa. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.