Forgive me if this question is silly but I am wet behind the ears as a first time buyer of a two bedroom flat in Winslow. Do I receive the keys to the property on the completion date from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Winslow?
On the day of completion you do not need to attend the conveyancers office in Winslow. Your solicitors will transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you will be called to receive the keys from the property Agents and move into your new home. This tends to happen early afternoon.
The formalities of my purchase has taken place for my property in Winslow. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call 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 very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
About to purchase maisonette in Winslow. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money 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 Winslow solicitor is on the Virgin Money conveyancing panel.
A colleague recommended that where I am purchasing in Winslow I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Winslow conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Winslow around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Winslow Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Winslow.
My wife and I purchased a 4 bedroom Edwardian property in Winslow. Conveyancing solicitor represented me and National Westminster Bank. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Winslow and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing solicitor who conducted the conveyancing.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Winslow I like with amenity areas and railway links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Winslow for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
What does commercial conveyancing in Winslow cover?
Non domestic conveyancing in Winslow incorporates a broad range of services, offered by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.