I am obtaining a mortgage offer from Santander. I hope to enlist the help of a Licensed Conveyancer in Cambourne. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Should conveyancers request money on account for conveyancing in Cambourne?
Where you are retaining lawyers for conveyancing in Cambourne your lawyer will request that you place them with monies to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. When the deposit is payable against the purchase price then this will be asked for immediately prior to exchange of contracts. Any further balance that is due will be payable shortly before completion.
I opted to have a survey carried out on a house in Cambourne ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not grant a mortgage on this type of property.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cambourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cambourne to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Cambourne and I am already nervous. I couldn't find anything specific about Cambourne. Conveyancing will be needed in due course but do you know about the Cambourne area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cambourne. In the meantime here are some basic statistics that we found
I work for a reputable estate agency in Cambourne where we see a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received contradictory information from local Cambourne conveyancing solicitors. Could you confirm whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Cambourne Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
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How many years are left on the lease? Who takes charge for maintaining and repairing the building? The answer will be useful as a) areas can cause problems for the block as the communal areas may begin to deteriorate where services remain unpaid b) if the tenants have a dispute with the managing agents you will want to have complete disclosure
My aim is to acquire a ground floor apartment in Cambourne. Conveyancing lawyer has been awaiting, from the owner, building insurance paperwork. This morning I was informed that the vendor needs to forward the insurance documents for the flat above as well. Why would my lawyer want to see the insurance for the flat above? Is it strictly necessary? We have been stalled for the previous 2 weeks…
It is not unheard of in leasehold conveyancing in Cambourne to find Conveyancing in Cambourne in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the landlord insuring the complete property - which is clearly better. Do contact your solicitor but it would seem that your property lawyer is attempting to establish that the entire building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt as a result of lack of insurance.