Willusing a Sawston conveyancing lawyer make the ownership transfer easier?
Sawston is a special area, where local knowledge is a significant benefit. The laid-back lifestyle has it’s attractions – but not for your house move. The solicitors that we work with display wide Sawston know how with a professional, hands-onapproach that ensures the conveyancing to progress actively engaging with all parties thus reducing the scope for delays. It is a distinct advantage where they can make use of good relationships with mortgage brokers, estate agents, surveyors and counterpart Sawston conveyancing firms
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Sawston. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/11/2020, the requirements read as follows :
A colleague informed me that in purchasing a property in Sawston there may be a number of restrictions prohibiting external changes to a property. Is this right?
We are aware of a number of properties in Sawston which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Sawston should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm the single beneficiary of my late grandmother’s estate with all property in now in my sole name, including the house in Sawston. The Sawston property was put into my name in October. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the house in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. many mortgage companies would take a sensible view as this clause is principally there to identify the purchase and immediately sell or the flipping of properties.
I have a mortgage with HSBC for my property in Sawston. Conveyancing has been completed months 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 HSBC?
You must advise HSBC in advance of renting your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC 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 HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel solicitor.
I'm refinancing my primary property to a buy to let mortgage with HSBC Bank and I will use the rest of the raised equity as a deposit on another property. The location we are interested in is Sawston. Will your conveyancers be able to act for the two mortgage companies and link together the conveyances?
Make use of our comparison tool on this page to be sure that the conveyancers are approved by both banks. Assuming that they are your solicitor should be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
Is there a distinction between surveying and conveyancing in Sawston?
Conveyancing - in Sawston or anywhere in England and Wales - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you discover the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the vendor to fix the problems prior to you complete your move.