I am selling my apartment. I had a double glazing fitted in October 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, HSBC are being problematic. The Woolacombe solicitor who is on the HSBC conveyancing panel is happy to accept ‘lack of building regulation’ insurance but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My offer was accepted on a property in Woolacombe on 19/10/2018, valuation was booked five days later, received a clean bill of health. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
Aldermore have agreed my mortgage in principle, my bid on a house in Woolacombe has been accepted, what are the next steps?
The property agent will need to know who your solicitors are (ensure that the lawyers are on the bank’s panel). Contact Aldermore or the broker and finalise any outstanding paperwork. Aldermore will sellect a valuer who will get in touch with the selling agent or vendor to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Aldermore will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Woolacombe.
I am buying a new build flat in Woolacombe. Conveyancing is a frightening process 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 conveyancing.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Woolacombe
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey completed on a house in Woolacombe prior to instructing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks may not issue a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Woolacombe. Conveyancing will be smoother if you use a solicitor in Woolacombe especially if they are accustomed to such properties in Woolacombe.
I am looking into buying my first house which is in Woolacombe and I am already nervous. I couldn't find anything specific about Woolacombe. Conveyancing will be needed in due course but do you know about the Woolacombe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Woolacombe. In the meantime here are some basic statistics that we found
Having had my offer accepted I require leasehold conveyancing in Woolacombe. Before I get started I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Woolacombe - then the leasehold title will always include the basic details 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.
Leasehold Conveyancing in Woolacombe - Examples of Questions you should consider before buying
The best form of lease structure is if the freehold interest is owned by the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and although a managing agent is often employed where it is bigger than a house conversion, the managing agent is directed by the tenants. Many Woolacombe leasehold properties will be liable to pay a service charge for maintenance of the building invoiced by the landlord. Where you acquire the property you will have to pay this charge, normally in instalments throughout the year. This can differ from a few hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a rentcharge for you to pay yearly, this is usually not a exorbitant amount, say about £50-£100 but you should to enquire as occasionally it can be surprisingly expensive. What is the maintenance charge and ground rent on the property?