My lawyer has informed me that lack of planning permission insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Potton?

The right level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Barclays and Chelsea Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.

I have instructed a Potton solicitor having checked that they are on the Nottingham conveyancing panel. Does my lawyer arrange the survey of the property?

Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Potton postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Potton.

I have finally had an offer on an apartment in Potton accepted, the owners do nevertheless have a dependent purchase. The sellers have offered on a flat, but it’s not yet tied up, and have viewings of other flats booked. I have selected a high street conveyancing solicitor in Potton. What should be my next step? At what stage should I apply for the mortgage with Kent Reliance?

It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Potton conveyancing search costs, etc). The first course of action is to check that your property lawyer is on the Kent Reliance approved list. As to the subsequent stages this very much depends on the specifics of your case, motivation for this property and on the state of the market. In a hot market the majority of home buyers would apply for a home loan with Kent Reliance and arrange for the valuation and only if it was satisfactory would they ask their lawyer to proceed with searches.

I require quick conveyancing in Potton as I am under an ultimatum to sign on the dotted line inside 3 weeks. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?

As you are are a mortgage free purchaser you are at liberty not to have searches conducted although no lawyer would suggest that you don't. With plenty of history conveyancing in Potton the following are instances of what can crop up and adversely affect the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...

Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in Potton I like with amenity areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Potton for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

In my capacity as executor for the estate of my uncle I am disposing of a house in Swansea but reside in Potton. My solicitor (who is 250 miles awayhas requested that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Potton to witness and place their company stamp on the document?

strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Potton based

Do you have any advice for leasehold conveyancing in Potton from the point of view of expediting the sale process?

• A significant proportion of the delay in leasehold conveyancing in Potton can be avoided where you appoint lawyers as soon as you market your property and request that they start to collate the leasehold documentation needed by the buyers’ conveyancers.
Many landlords or managing agents in Potton charge for providing management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Potton. Some Potton leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain bank and professional references. The bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If you hold a share in a the freehold, you should make sure that you hold the original share certificate. Organising a replacement share certificate is often a lengthy formality and slows down many a Potton conveyancing transaction. If a new share certificate is required, do contact the company officers or managing agents (if relevant) for this sooner rather than later.

Potton Leasehold Conveyancing - Sample of Questions you should ask before Purchasing

What prohibitions are contained in the Potton Lease? What is the length of the lease? Make sure you investigate if the the lease includes any unreasonable restrictions in the lease. For example it is reasonably common in Potton leases that pets are not permitted in in a block in Potton. If you love the apartmentin Potton however your cat can’t live with you then you will be presented with a difficult determination.