Finally the sale completed on my house in Devizes last February yet the purchaser is whats apping daily to moan that his conveyancer needs to hear from mine. What should my lawyer have done following completion?
Post completion of your house sale your conveyancer is committed to send the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Where appropriate, your lawyer must also send confirmation that the home loan has been paid off to the purchasers solicitors. There are no post completion tasks unique to conveyancing in Devizes.
Two weeks ago we had a mortgage agreed in principle with RBS. Devizes conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS conducted the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My offer was accepted on a house in Devizes on 20/3/2024, valuation was booked 2 days after, received a clean bill of health. Solicitor appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
Co-operative have agreed my mortgage in principle, my bid on a flat in Devizes has been accepted, what are the next steps?
The estate agent will want to be informed of your solicitor's details (make sure the conveyancers are on the bank’s panel). Telephone Co-operative or your financial adviser and finish off any outstanding paperwork. Co-operative will instruct a valuer who will get in contact with the selling agent or owners to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Co-operative will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Devizes.
Just had an offer accepted on a new build apartment in Devizes. 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.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Devizes
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared.
I am looking for a flat up to £235,500 and found one close by in Devizes I like with amenity areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Devizes in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can 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 and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I'm remortgaging my existing house to a BTL mortgage with Nottingham Building Society and I will use the ballance of the raised equity as a deposit on a second property. The location we are talking about is Devizes. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this site to be sure that the lawyers are on the appropriate lender panels. Having checked that they are your lawyer will be able to connect the two transactions but you should talk with you conveyancer and communicate your expectations and needs.
I have recently realised that I have 68 years unexpired on my lease in Devizes. I now want to get lease extension but my freeholder is missing. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to prove that you or your lawyers have done all that could be expected to track down the lessor. For most situations a specialist would be useful to try and locate and prepare a report which can be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on investigating the landlord’s absence and the application to the County Court covering Devizes.
Devizes Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
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Its a good idea to discover as much as possible concerning the company managing the block as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day matters like the cleanliness of the common parts. Ask other tenants if they are happy with their service. Finally, find out the dates that you are obliged pay the service charge to the appropriate party and specifically what you get for your money. What is the the remaining lease term? Is the freehold owned jointly by the leaseholders?