Me and my partner are soon to exchange on the purchase of a property in Bedford Hill but as a result of wreckage from some water damage at the property I have managed to agree reparation from the vendor of £2k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet Nationwide will not agree to this. Why were they informed?
The lawyer being on a Nationwide approved list is required to advise Nationwide of any amendments to the purchase price. If you were to refuse your property lawyer to notify the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancing practitioner for your conveyancing in Bedford Hill.
Having sold my house in Bedford Hill last November but our buyer keeps texting daily to say his conveyancer needs to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your sale your conveyancer should forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also confirm that the home loan has been discharged to the buyers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Bedford Hill.
How does conveyancing in Bedford Hill differ for newly converted properties?
Most buyers of new build residence in Bedford Hill approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Bedford Hill usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bedford Hill or who has acted in the same development.
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Bedford Hill I like with open areas and transport links nearby, however it's only got 52 remaining years left on the lease. There is not much else in Bedford Hill suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm remortgaging my current property to a BTL loan with Platform Home Loans Ltd and I will use the rest of the raised equity as a down payment on further property. The neighborhood we are interested in is Bedford Hill. Will your lawyers be able to act for the two banks and link together the transactions?
Do use our search tool on this site to check that the conveyancers are approved by both mortgage companies. Having checked that they are the conveyancer should be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and requirements.
Should local authority permission be necessary to change a house into multiple appartments in Bedford Hill? This has occurred to a property next door to a relative in Bedford Hill and was not aware of it happening until the works were done.
Planning consent is required for converting a single house in Bedford Hill into flats but possibly not for converting once again to single dwelling-house so, in answer to your question, yes,a it is required.