I am considering applying for a UBS mortgage for purchase of a new build (under development) in Fillongley with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Is it necessary to take out insurance to address the risk of chancel repairs when buying a house in Fillongley?
Unless a prior purchase of the property completed after 12 October 2013 you can expect lawyers carrying out conveyancing in Fillongley to remain encouraging a chancel search and or insurance against a claim.
I got the keys to my flat on 11 November and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Fillongley said it will be concluded in a couple of weeks. Are titles in Fillongley uniquely lengthy to register?
As far as conveyancing in Fillongley registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can adjust depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any interested parties. At present approximately three quarters of submission are completed in less than three weeks but some can be subject to protracted delays. Historically registration takes place once the buyer has moved in to the property so 'speed' is not always an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Fillongley I like with a park and station nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Fillongley in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
We're new to the buying process - had an offer accepted, but the estate agent told us that the vendor will only issue a contract if we use the agent's recommended conveyancers as they need a ‘quick sale’. We would rather use a high street solicitor used to conveyancing in Fillongley
It is unlikely the owners are behind this. If they desire ‘a quick sale', alienating a serious buyer is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are motivated buyers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Fillongley conveyancing lawyers - rather thanthose that will give the negotiator at the agency a introducer fee or meet his conveyancing figures pre-set by senior management.