I am assisting my sister sell her flat in Warkworth. Will the conveyancing solicitor arrange an energy performance certificate or it is for me to coordinate?
After the demise of Home Packs, EPC’s remained a mandatory component of moving property. An energy assessment must be commissioned before the property is advertised. It is not a task that lawyers ordinarily organise. If you are instructing a Warkworth conveyancing solicitor they might be willing to arrange energy performance certificates given their relationships with reputable Warkworth assessors
I'm the single beneficiary of my late grandmother’s estate with all property in now in my sole name, including the house in Warkworth. The Warkworth property was put into my name in November. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be regarded the same way as if I'd bought the property in November. Do I have to wait 6 months to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. How sensible a view banks take of it, depend on the mortgage company as this requirement primarily exists to capture subsales or the wholesaling and assigning of properties.
I am currently in the process of buying my council flat in Warkworth. I have a mortgage agreed with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
Just had an offer accepted on a new build flat in Warkworth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Warkworth
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I'm remortgaging my primary house to a buy to let mortgage with Accord Mortgages Ltd and intend to use the remaining equity towards a second house. The neighborhood we are interested in is Warkworth. Will your conveyancers be able to act for the two banks and link together the conveyances?
Do use our search tool on this page to be sure that the solicitors are on the relevant lender panels. Assuming that they are your solicitor will be able to tie up the two deals but you should talk with you conveyancer and communicate your expectations and needs.
What are your top tips when it comes to choosing a Warkworth conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Warkworth conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Warkworth conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
What volume of lease extensions have they conducted in Warkworth in the last year?
I acquired a basement flat in Warkworth, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Warkworth with over 90 years remaining are worth £211,000. The ground rent is £45 invoiced annually. The lease ceases on 21st October 2085
With just 67 years unexpired we estimate the price of your lease extension to range between £10,500 and £12,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
My a decade ago. He has got wed, divorced and in recent months got married again. He now intends to dispose of the Warkworth property. I think he will simply be requested to provide a copy of his marriage certificates to the property lawyer however he is anxious it could hold up the conveyancing. Should he instruct a conveyancer to update the Land Registry information for the house?
The is no need to update the register on the basis that you have the proof needed to show how the name change has come about.
Any buyer’s lawyer should examine the land registry information and require evidence to establish the name change e.g. marriage certificates.