About to place a bid on a leasehold flat in North Walsham. The property agents advise that it is usual for flats in North Walsham to have less than 75 years left on the lease. I am getting a mortgage with Virgin. Is this going to be acceptable if the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 6/5/2024 the requirements read as follows :
Please help - my lawyer says that missing deeds insurance is required on my purchase. What is the typical level of cover needed for conveyancing in North Walsham?
The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Chelsea Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.
My wife and I are in the process of viewing apartments in North Walsham and I am now considering a potential offer. Is it wise to have my conveyancer on ‘stand by’? I intend to finance via a mortgage with Clydesdale.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are obtaining a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I have instructed a North Walsham solicitor having made sure that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your North Walsham postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in North Walsham.
My wife and I have a renovated Victorian property in North Walsham. Conveyancing lawyer represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North Walsham and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.
I'm buying a new build house in North Walsham benefiting from help to buy. The sellers would not budge the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my solicitor about the extras as it will affect my mortgage with The Royal Bank of Scotland. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my home. My previous conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in North Walsham if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in North Walsham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
As co-executor for the estate of my grandmother I am disposing of a house in Newport but I am based in North Walsham. My conveyancer (based 260 miles awayrequires that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in North Walsham who can attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in North Walsham