I am obtaining a offer of a home loan from Halifax. I intend to employ the services of a Licensed Conveyancer in Henleaze. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I have given 8 weeks notice to my current landlord and must vacate my let out flat in Henleaze by the end of next month. Conveyancing on my purchase is progressing. Can I complete in 4 weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice for your letting until your lawyer suggests that you should. If you have not already done so, update to your conveyancer and request that they apply pressure on the other solicitors, try to get a realistic time scale from them that everyone will work towards
I can see plenty of here about conveyancing in Henleaze but what is your top tip for choosing the right conveyancer in Henleaze
We would encourage you not to base your choice on the lowest Henleaze conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My lawyer has informed me that flying freehold insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Henleaze?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Halifax and Barnsley Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
My sealed bid on a house in Henleaze has been accepted, but there is a chain. The sellers have put an offer on a flat, but it’s not been accepted yet, and are looking at other properties booked. I have instructed a local conveyancing solicitor in Henleaze. What do I do now? At what point should I apply for the mortgage with Leeds Building Society?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Henleaze conveyancing search fees, etc). The first course of action is to check that your solicitor is on the Leeds Building Society approved list. As to the subsequent phase this very much dictated by the uniqueness of your transaction, attraction to the property and on the state of the market. During a rising market some home buyers would apply for a home loan with Leeds Building Society and arrange for the valuation and only if it comes back ok would they pay their conveyancer to press on with the conveyancing in Henleaze.
How does conveyancing in Henleaze differ for new build properties?
Most buyers of new build property in Henleaze approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Henleaze usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Henleaze or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and found one round the corner in Henleaze I like with open areas and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Henleaze in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current 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 current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.