A friend advised me that in buying a property in Wells Next The Sea there may be various restrictions prohibiting external alterations to a property. Is this right?
There are a number of properties in Wells Next The Sea which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Wells Next The Sea should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have a mortgage with Virgin Money for my property in Wells Next The Sea. Conveyancing was finalised 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 buy-to-let mortgage or inform Virgin Money?
You must advise Virgin Money before letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money 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 Virgin Money directly. You need not do this via a Virgin Money conveyancing panel firm.
I've read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Wells Next The Sea solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Wells Next The Sea surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Due to the input of my in-laws I had a survey completed on a house in Wells Next The Sea ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wells Next The Sea. Conveyancing may be slightly more expensive based on your lender's requirements.
I am selling my house. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Wells Next The Sea if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Wells Next The Sea. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I have recently realised that I have Seventy years unexpired on my flat in Wells Next The Sea. I now want to extend my lease but my landlord is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the lessor. In some cases a specialist would be useful to carry out a search and prepare a report which can be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to proving the landlord’s disappearance and the application to the County Court overseeing Wells Next The Sea.
Leasehold Conveyancing in Wells Next The Sea - Sample of Questions you should ask Prior to buying
Be sure to discover if there are any onerous prohibitions in the lease. For instance it is fairly common in Wells Next The Sea leases that pets are not allowed in certain buildings in Wells Next The Sea. If you like the flatin Wells Next The Sea yet your cat can’t move with you then you have a very hard compromise. The majority of Wells Next The Sea leasehold apartments will incur a service bill for the upkeep of the building invoiced on behalf of the freeholder. Should you acquire the property you will have to meet this contribution, normally quarterly throughout the year. This can be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, this is usually not a exorbitant figure, say approximately £50-£100 but you should to enquire it because sometimes it can be prohibitively expensive. You will want to find out as much as you can about the managing agents as they will either make living at the property much simpler or much more difficult. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to practical issues such as the tidiness of the communal areas. Don't be shy to ask other people what they think of their service. On a final note, find out the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what you get for your money.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.