We are getting a further advance on our mortgage from Coventry BS as we wish to carry out improvements to our home in Bankside. Do we need to appoint a high street Bankside solicitor on the Coventry BS conveyancing panel to handle the paperwork?
Coventry BS don't usually appoint firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS conveyancing panel.
I am buying a property in Bankside. A rare aspect is that the roof has a solar panel. Nationwide have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Nationwide your lawyer must follow the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Nationwide. The CML Handbook contains minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Nationwide where a lease fails to comply with these requirements. The requirements relate to the installation of panels on properties nationwide and is not isolated to Bankside.
I am currently in the process of buying my council flat in Bankside. I have a mortgage agreed with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
What does a local search reveal about the property my wife and I buying in Bankside?
Bankside conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations such as PSG The local search is essential in every Bankside conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
3 months have gone by since my purchase conveyancing in Bankside concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build apartment in Bankside. Conveyancing is daunting 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 legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Bankside
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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 supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan.
Given that I am about to part with hundreds of thousands of pounds on a property in Bankside I would like to talk to a lawyer about myconveyancing in advance of appointing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your property ownership legalities in Bankside.There is no ‘factory style conveyancing’ - each client is unique person, not a matter number. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Bankside should be the figure that you are charged.
I am due to review costs for conveyancing in Bankside from numerous conveyancing practitioner and choose one. Do I instruct them to hold tight until I a suitable flat to buy.
We suggest that you only ask your property lawyer to commence work and submit searches once the sales memo has been sent by the selling agent particularly as Bankside conveyancing searches are costly.