Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Bedlington. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/7/2024, the requirements read as follows :
I can see plenty of here concerning conveyancing in Bedlington but what is your top tip for appointing the right conveyancer in Bedlington
We would encourage you not to go for the cheapest Bedlington conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I just acquired a property at auction in Bedlington. Conveyancing is required. What happens now?
Having legally bound yourself to purchase you will need to choose a conveyancing solicitor quickly as you are faced with a fast approaching deadline in which to complete the purchase. All auction property should have a corresponding auction pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You must pass this on to the lawyer instructed by you ASAP. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.
A friend informed me that in purchasing a property in Bedlington there could be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
We are aware of anumerous of properties in Bedlington which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Bedlington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have todaybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Bedlington for a purchase of a freehold house 9 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bedlington conveyancing specialists.
I am purchasing a new build house in Bedlington benefiting from help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not disclose to my solicitor about this deal as it will put at risk my mortgage with the bank. Should I keep quiet?.
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'm refinancing my current home to a buy to let loan with Barnsley Building Society and I will use the rest of the raised equity as a deposit on another property. The location we are looking at is Bedlington. Will your lawyers be able to act for both sets of banks and tie in the transactions?
Make use of our comparison tool on this site to check that the lawyers are on the appropriate lender panels. Having checked that they are your lawyer should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and specify your desired outcome and requirements.
What advice can you give us when it comes to appointing a Bedlington conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Bedlington conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Bedlington conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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How familiar is the practice with lease extension legislation? If they are not ALEP accredited then why not?
I bought a ground floor flat in Bedlington, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar properties in Bedlington with over 90 years remaining are worth £222,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2094
With just 70 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.