This question may be naive but I am wet behind the ears as a first time purchaser of a two bedroom flat in Leegomery. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will find a High Street conveyancing solicitor in Leegomery?
On the day of completion you do not need to attend the conveyancers office in Leegomery. Conveyancing lawyers for you will transfer the completion advance to the vendor’s solicitors, and once they have received this, you should be invited to receive the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to lenders such as Bank of Ireland, do Leegomery conveyancing practitioners incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
The mortgage over my property is with Co-operative for my property in Leegomery. Conveyancing was finalised a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Co-operative?
Your original mortgage agreement with Co-operative will provide that you need their approval prior to renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. You need not do this via a Co-operative conveyancing panel firm.
A colleague recommended that if I am buying in Leegomery I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Leegomery conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Leegomery around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Leegomery Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Leegomery Education with plans and statistics, Local Amenities and other useful data regarding Leegomery.
How does conveyancing in Leegomery differ for newly converted properties?
Most buyers of new build premises in Leegomery come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Leegomery usually acquire the land, 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 conveyancing solicitors 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 used to new build conveyancing in Leegomery or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Leegomery in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some lenders may not issue a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Leegomery. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Leegomery to see if the conveyancing costs will increase in light of this.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Leegomery. I happened to stumble across a web site which seems to have the perfect offering If there is a chance to get all the legals completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?