A friend pointed out to me me that in buying a property in Weldon there may be a number of restrictions preventing external changes to the property. Is this right?
We are aware of a number of properties in Weldon which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Weldon should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm in the process of looking at flats in Weldon and I am about to put in an offer. Is it sensible to have my conveyancer on ‘stand by’? I intend to finance via a home loan with TSB.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are seeking a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Yorkshire BS are being problematic. The Weldon solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are insisting on a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How does conveyancing in Weldon differ for newly converted properties?
Most buyers of new build or newly converted property in Weldon contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because developers in Weldon usually purchase the site, 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 property lawyers 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 used to new build conveyancing in Weldon or who has acted in the same development.
I opted to have a survey carried out on a house in Weldon prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend not grant a loan on such a premises.
It varies from the lender to lender. Santander has different requirements from Halifax. If you e-mail us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Weldon. Conveyancing may be slightly more expensive based on your lender's requirements.
What tools are available to identify a Weldon law firm on the Lloyds TSB Bank conveyancing panel? I drive a motor bike and am willing to travel upto 25miles to meet the lawyer.
Feel free to make use of the search on this page. Please choose the lender and your location and you will see a number of Weldon conveyancing lawyers based on proximity. We have listed some Weldon conveyancing firms towards the end of this page and you can call them to see whether they are on the Lloyds TSB Bank panel
I am due to review estimates for conveyancing in Weldon from numerous conveyancing practitioner and appoint one. Am I right to ask them to hold tight until I I have my bid accepted on a flat.
You should wait to ask your property lawyer to commence work and submit searches once the offer has been agreed to on the property particularly as Weldon conveyancing searches are costly.