I'm the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Winton. The Winton property was put into my name in August. I want to move. I understand that there is a CML six month 'rule', which means that my property ownership could be considered the same way as if I'd bought the house in August. Will no one buy the property for half a year?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many lenders would take a pragmatic view as this clause is primarily there to pick up on subsales or the quick reselling of properties.
Is there a list of Virgin Money panel conveyancers in Winton on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of lenders make their panel listings available online. If you are in need of a Winton lawyer on the Virgin Money please use our tool.
I have instructed a Winton conveyancer having made sure that they are on the Coventry BS conveyancing panel. Does my lawyer arrange the survey of the property?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS 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 Winton 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.
I am downsizing from our home in Winton and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Winton lawyer would know this is not the case. For the life of me I don't know why the buyers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Winton. We have lived in Winton for six years we know of no issue. Should we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
The estate agent has sent us the confirmation of our purchase of a new build flat in Winton. Conveyancing is necessary evil 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 selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Winton
There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I decided to have a survey completed on a property in Winton before appointing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks may not issue a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Winton. Conveyancing will be smoother if you use a solicitor in Winton especially if they are familiar with such properties in Winton.
In my capacity as executor for the will of my grandfather I am selling a house in Neath but live in Winton. My conveyancer (who is 260 miles awayhas requested that I sign a statutory declaration before completion. Could you suggest a conveyancing practitioner in Winton to witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Winton based