My fiancee and I are purchasing our first property. The conveyancer has e-mailedto see if we would like to order supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Saffron Walden
The type of Saffron Walden conveyancing searches should be dictated entirely on the property, the location, the possibility of any of these risks, your knowledge of the region and risks, your overall appetite to risk. What is important is that you adequately understand what information each search could give you. Then you can make a decision if you personally think you need that search. Where you are uncertain, ask your property lawyer to advise.
My property lawyer in Saffron Walden is not on the Nationwide Building Society Solicitor Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are not on the Nationwide Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Saffron Walden lawyers but Nationwide Building Society will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the total legal charges as well as result in frustration.
- Choose a new solicitor to act in the conveyancing, remembering to check they are Convince your lawyer to use their best endeavours to join the Nationwide Building Society conveyancing panel
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Saffron Walden?
Two types of professional can execute conveyancing in Saffron Walden namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that you need to complete the disposal or purchase of property. They are both duty bound to conduct Saffron Walden conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that all requisite procedures will be appropriately attended to.
Is there a list of UBS panel conveyancers in Saffron Walden on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings viewable on the web. If you are seeking to appoint a Saffron Walden property lawyer on the UBS please make the most of our tool.
We have agreed to purchase a house in Saffron Walden. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with TSB your lawyer must comply with the conveyancing requirements set out in Section two of UK Finance Lenders’ Handbook for TSB. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancers are required to report to TSB where a lease fails to meet these conditions. The provisions relate to the installation of panels on properties nationwide and is not restricted to Saffron Walden.
3 months have elapsed since my purchase conveyancing in Saffron Walden completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Saffron Walden I like with open areas and transport links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Saffron Walden suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the shortness of the lease will be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.