I am expecting a mortgage with Santander. I would like to enlist the help of a Licensed Conveyancer in Burford. Does the Santander Solicitor panel exclude Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We're in Burford, First time buyers buying with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am buying a new build flat in Burford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Burford
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a leasehold apartment up to £305k and found one near me in Burford I like with open areas and transport links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Burford for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My husband and I are FTB’s - had an offer accepted, yet the selling agent advised that the vendor will only go ahead if we instruct the agent's preferred lawyers as they want a ‘quick sale’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Burford
It is improbable the owners are behind this. Should the vendor require ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Contact the vendors directly and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you are going to appoint your preferred Burford conveyancing solicitors - as opposed tothose that will earn their estate agent a commission or meet his conveyancing targets set by head office.
Am in the process of buying my 1st property in Burford. Conveyancing solicitor has been instructed. The financial consultant suggested that a survey is not appropriate as the house was only built 16 yrs ago.
At the very least you should order a Home Buyer's Report. Given the property was constructed more than a decade ago the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report may be sufficient. The report should highlight any apparent issues and suggest additional investigation if relevant. Where there are any indications of material issues get a comprehensive Building Survey from the beginning.