I am getting a mortgage with Santander. I hope to enlist the help of a Licensed Conveyancer in Keighley. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
What does my ID and proof of funds have anything to do with my conveyancing in Keighley? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Keighley conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancers are duty bound to validate not simply the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I'm refinancing my primary property to a BTL loan with Alliance & Leicester and I will use the ballance of the raised equity as a down payment on further house. The location we are interested in is Keighley. Will your solicitors be able to act for both sets of banks and tie in the conveyances?
Make use of our comparison tool on this page to ensure that the solicitors are approved by both mortgage companies. Having checked that they are the conveyancer should be able to connect the two transactions but you should talk with you solicitor and make apparent your expectations and requirements.
I am looking at a two apartments in Keighley both have approximately 50 years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the saleability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this area.
I bought a ground floor flat in Keighley, conveyancing was carried out December 1999. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Keighley with a long lease are worth £216,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2088
With only 69 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
My husband and I intend to buy our 1st house in Keighley. Conveyancing solicitor already selected. The financial consultant suggested that a survey is not necessary as the property was only built in 2001.
The bare minimum you need a Home Buyer's Report. As the property was constructed over a decade ago the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be enough. They will highlight any obvious issues and suggest additional investigation where relevant. If there are any signs of material issues obtain a full Building Survey from the beginning.