Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Whitland. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/6/2022, the requirements read as follows :
I am purchasing a 4 bedroom semi-detached house in Whitland. The intention is to an extension at the rear at the property.Will the conveyancing process involve checks to determine if these works are allowed?
Your conveyancer should review the deeds as conveyancing in Whitland will on occasion identify restrictions in the title documents which restrict certain works or necessitated the permission of a 3rd party. Certain works need local authority planning permissions and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I had a mortgage agreed in principle with Clydesdale. Whitland conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from Clydesdale?
Some lenders take longer than others. Have Clydesdale done the valuation? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The formalities of my purchase has taken place for my property in Whitland. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Due to the encouragement of my in-laws I had a survey completed on a property in Whitland ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some lenders tend refuse to give a mortgage on this type of house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Whitland. Conveyancing may be slightly more expensive based on your lender's requirements.
How easy is it to use your search tool to locate a conveyancing practitioner in Whitland on the approved list for my bank?
1st select a bank such as Santander, The Mortgage Works or Bank of Ireland then type in your location a common one being Whitland. Conveyancing organisations in Whitland and beyond will then be identified.
Having had my offer accepted I require leasehold conveyancing in Whitland. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Whitland - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a 1 bedroom flat in Whitland, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar flats in Whitland with an extended lease are worth £192,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2076
With only 54 years remaining on your lease we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as legals.
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 comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.