Will my conveyancing lawyers need to check that the building insurance when buying a house in Camden Town. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/4/2024, the requirements read as follows :
This question may be naive but I am new to the process as a first time buyer of a two bedroom flat in Camden Town. Do I pick up the keys to the house on completion from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Camden Town?
On the day of completion you will not be required to attend the conveyancers office in Camden Town. Your solicitors will transfer the completion advance to the seller's lawyers, and once they have received this, you should be invited to receive the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
We had appointed solicitors with offices in Camden Town on the HSBC solicitor panel. They have just billed me a further amount for handling the HSBC mortgage. Is this an additional conveyancing fee set by HSBC?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner may levy a fee for this. This fee is not set by HSBC but by your Camden Town solicitor. Numerous firms on the HSBC panel will levy an ‘acting for lender’ fee and others do not.
Last month we had a mortgage agreed in principle with Leeds Building Society. Camden Town conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from Leeds Building Society?
There is no definitive answer here. Have Leeds Building Society done the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
A relative suggested that where I am buying in Camden Town I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Camden Town conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Camden Town around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Camden Town Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Camden Town.
I have todaybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Camden Town for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Camden Town conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Camden Town prior to appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks will not grant a loan on such a property.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Camden Town. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Camden Town to see if the conveyancing costs will increase in light of this.
In what way does the Landlord & Tenant Act 1954 affect my commercial property in Camden Town and how can you help?
The 1954 Act gives security of tenure to business lessees, granting the right to apply to court for a renewal lease and continue in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Camden Town