I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Selly Oak. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/2/2019, the requirements read as follows :
Can I be sure that the Selly Oak conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Selly Oak getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.
We were going to get a AIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Lloyds recommend any Selly Oak solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Selly Oak solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I have decided to exercise my right to buy my property in Selly Oak off the council. I have a mortgage offer with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
What will a local search tell me regarding the property my wife and I buying in Selly Oak?
Selly Oak conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search is essential in every Selly Oak conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I am looking for a flat up to £195,000 and identified one near me in Selly Oak I like with a park and transport links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Selly Oak for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I'm selling a apartment in Selly Oak. I have found my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name on the list. Is this a big problem?
Not all staff in the company must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unlicensed staff.