I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather appoint a local conveyancing solicitor in Windsor?
You should check but the the likelihood is that give you one of their panel solicitors where you want the "fee-free" offer. Speak to the bank to explore if they allow a cash alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Windsor.
When it comes to lenders such as Principality, do Windsor property lawyers face a fee to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
The mortgage over my property is with Barclays for my property in Windsor. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Barclays must be informed of your intention before renting your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays 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 Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.
Bank of Ireland have agreed my mortgage in principle, my offer on a house in Windsor has been agreed to, what happens next?
The estate agent will wish to be informed of your conveyancer's details (make sure the property lawyers are on the bank’s panel). Telephone Bank of Ireland or the broker and finalise any relevant forms. Bank of Ireland will appoint a valuer who will get in touch with the estate agent or seller to arrange a slot for the valuation to occur. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Windsor.
The estate agent has sent us the confirmation of our purchase of a new build flat in Windsor. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Windsor
Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the guidance of my in-laws I had a survey completed on a property in Windsor prior to retaining conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Windsor. Conveyancing will be smoother if you use a solicitor in Windsor especially if they are accustomed to such properties in Windsor.
My father has encouraged me to instruct his lawyers for conveyancing in Windsor. Should I choose my own property lawyer?
No doubt the best way to select a conveyancing practitioner is to have referrals from friends or family who have experience in using the firm that you are are thinking of instructing.