Do the Building Society Association intend to launch a online directory to to identify firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Silsoe?
Lexsure has not been advised of any plans on the part of the BSA to promote such a search facility.
I know that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when acquiring a house in Silsoe? or I am told that there is historic law that means some homeowners living in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this suitable for conveyancing in Silsoe?
Unless a prior acquisition of the property took place post 12 October 2013 you could take it that solicitors delivering conveyancing in Silsoe to continue to recommend a chancel search and or chancel repair liability policy.
How does conveyancing in Silsoe differ for new build properties?
Most buyers of new build or newly converted property in Silsoe come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Silsoe usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Silsoe or who has acted in the same development.
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Silsoe I like with open areas and transport links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Silsoe suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 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 and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I bought a house in Silsoe last 10/5/2018 and to date it is still not recorded with HMLR. It was part of a new estate and my lawyer told me that it may take twelve months to complete the registration formalities. I have spoken with HM Land Registry directly and they have informed me the original application was cancelled due to questions not being addressed in time. What can I do?
It is your conveyancing practitioner that you must get in touch with in order to satisfy any issues which have been raised as part of the registration formalities for your Silsoe property. Normal Silsoe conveyancing practice includes an undertaking on the part of the previous owner’s conveyancing practitioner that they will assist in resolving any requisition raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.