The mortgage agreement from Santander for the remortgage of my 2 room maisonette is expected within the next few days. Could you suggest a cheap conveyancing solicitor in Woodford?
You have arrived at the wrong place to search for the cheapest conveyancing solicitors in Woodford. We can offer you value for money conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint companies offering the bait of ninety nine pound conveyancing in Woodford. At best, in deciding on low cost conveyancing, you will receive what you pay for and at worst it will result in you being stung for extras and still not receive the service required.
Do lenders provide you with an approved list of Woodford conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?
Woodford conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
We have agreed to purchase a house in Woodford. One unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Virgin Money your lawyer must comply with the conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to Virgin Money where a lease does not meet these provisions. The specifications relate to the installation of panels on properties nationwide and is not limited to Woodford.
The mortgage over my property is with Kent Reliance for my property in Woodford. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Your original mortgage agreement with Kent Reliance will provide that you need their approval prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance 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 Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel firm.
Lloyds have agreed my mortgage in principle, my bid on a property in Woodford has been accepted, what happens next?
Your property agent will want to be informed of your lawyer's details (ensure that the lawyers are on the bank’s panel). Contact Lloyds or the broker and complete any relevant forms. Lloyds will instruct a valuer who will get in contact with the estate agent or seller to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Lloyds will issue 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 Woodford.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a house in Woodford? or I am told that there is a law dating back centuries that could mean that owners of property residing in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this suitable for conveyancing in Woodford?
Unless a previous purchase of the house completed after 12 October 2013 you can assume that lawyers handling conveyancing in Woodford to remain encouraging a chancel search and or chancel repair liability insurance.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Woodford is the location of the property. What do you suggest?
Flying freeholds in Woodford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodford you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.