I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Bebington. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 7/5/2024, the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Bebington
There are many recorded licenced Conveyancers in Bebington and Solicitor partnerships in Bebington who provide Conveyancing services We would stress that both are regulated professionals specialising in the legal work in the home buying process. Both can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I currently have a mortgage with Yorkshire BS for my property in Bebington. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Yorkshire BS?
Yorkshire BS must be informed of your intention in advance of letting out your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. It may be that Yorkshire BS 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 Yorkshire BS directly. It should not be necessary to do this via a Yorkshire BS conveyancing panel lawyer.
The formalities of my remortgage has taken place for my property in Bebington. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bebington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bebington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey done on a property in Bebington prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bebington. Conveyancing may be slightly more expensive based on your lender's requirements.
I am thinking of appointing a conveyancing lawyer in Bebington for my home move. Is there any facility to see a firm’s record with the profession’s regulator?
Anyone may read published Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator sometimes recorded call for training purposes.
I am in the process of buying my first home in Bebington. Conveyancing lawyer has been appointed. The broker advised that a survey is not necessary as the property is just 17 years old.
At the very least you should have a Home Buyer's Report. Given the property was built over a decade ago the property will be without a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report could suffice. The report should highlight any apparent issues and recommend further investigation where appropriate. Where there are any signs of material issues obtain a full structural survey.