We have agreed to purchase a house in Whitefield. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
As your lender is Yorkshire BS your lawyer must comply with the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and solicitors are required to report to Yorkshire BS where a lease fails to satisfy these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Whitefield.
Intending to buy a flat in Whitefield. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Whitefield lawyer is on the Santander conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Whitefield is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have justbecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Whitefield for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Whitefield conveyancing specialists.
I decided to have a survey carried out on a house in Whitefield before instructing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks may refuse to give a loan on such a home.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you contact us we can investigate further via 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 Whitefield. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are 3 weeks into a leasehold purchase having been referred to conveyancers by the high street agent to handle our conveyancing in Whitefield. We are not happy. Can you help me find new solicitors?
A lawyer would have to be really poor in order to consider diss instructing them. Has your mortgage offer been sent? In the event that it has you must make them aware of the new contact details and have the loan are re-sent. Your solicitor ideally should be on the banks panel to avoid supplemental charges and frustration. That should be your first question of the new conveyancers. Our find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Whitefield
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great price which is making it more attractive. I have subsequently discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Whitefield. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
Most houses in Whitefield are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Whitefield so you should seriously consider shopping around for a Whitefield conveyancing solicitor and check that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.
I invested in buying a 1st floor flat in Whitefield, conveyancing was carried out 3 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Whitefield with over 90 years remaining are worth £186,000. The ground rent is £55 yearly. The lease terminates on 21st October 2076
With just 52 years left to run the likely cost is going to be between £29,500 and £34,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.