I'm spending time looking at houses in Shenley Brook End and I am about to put in an offer. Should I already have a lawyer appointed at this point? I am planning to take a mortgage with Skipton.
It would be sensible to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are seeking a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
I have a mortgage with Aldermore for my property in Shenley Brook End. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
You must advise Aldermore before letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will allow you to rent 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 Aldermore directly. It should not be necessary to do this via a Aldermore conveyancing panel firm.
Our offer on a house in Shenley Brook End has been accepted, but there is a chain. The sellers have offered on a property, but it’s not yet tied up, and have viewings of other flats booked. I have instructed a local conveyancing solicitor in Shenley Brook End. What do I do now? At what stage should I apply for the mortgage with Coventry BS?
It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of £1k, then valuation, Shenley Brook End conveyancing search fees, etc). The first thing to do is ensure that your lawyer is on the Coventry BS approved list. As to the next phase this very much dictated by the uniqueness of your transaction, attraction to the property and on the state of the market. During a buoyant market many home buyers will apply for the mortgage with Coventry BS and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to proceed with searches.
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a property in Shenley Brook End?
Unless a prior acquisition of the premises took place after 12 October 2013 you may take it that solicitors conducting conveyancing in Shenley Brook End to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Shenley Brook End?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Shenley Brook End. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £195,000 and found one near me in Shenley Brook End I like with a park and station in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Shenley Brook End suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I was advised by a few selling agents in Shenley Brook End to select a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to recommend your lawyers rather than a competitor’s?
We refuse to offer any referral fee for directing people to this site. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.