I have given 8 weeks notice to my existing landlord and must leave my rented apartment in Beaminster by 19/5/2023. Conveyancing for my house purchase has just started. Can I complete in three weeks as I wish to avoid having to find temporary accommodation?
Generally one should not provide notice on a rental unless exchange of contracts has taken place. Assuming that you have not already done so, speak to your lawyer and request that they cajole the sellers side, try to a target completion date that all parties will look to achieve
Are the BSA intent on creating a search tool with a view to list firms on the Darlington Building Society conveyancing panel for example in Beaminster?
We have not been informed any intention on the part of the BSA to develop such a register.
My husband and I have arranged a further advance on our mortgage from Skipton as we want to carry out improvements to our property in Beaminster. Are we obliged to choose a high street Beaminster solicitor on the Skipton conveyancing panel to handle the legals?
Skipton would not normally appoint a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton conveyancing panel.
It is not clear whether my bank requires a lease extension. I have called my Beaminster bank branch on various occasions and was told it wasn't a problem and they will lend. My Beaminster conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. I simply don't know who is right.
The lawyer has to follow the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told three weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Beaminster is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have been told that property searches are the main reason for obstruction in Beaminster house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Beaminster.
I opted to have a survey carried out on a house in Beaminster ahead of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders will not give a loan on such a home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Beaminster. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Beaminster to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for residential conveyancing in Beaminster. I've chance upon a site which appears to be the perfect offering If it is possible to get all the legals completed via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?