I have given 8 weeks notice to my existing landlord and have to leave my rented flat in Coleford by 2/5/2024. Conveyancing on my purchase has just started. Can I complete in 5 weeks as I wish to avoid having to find temporary accommodation?
It is unwise to serve notice for your lease unless exchange of contracts has taken place. If you have not previously done so, notify to your solicitor and request that they chase the owners solicitors, try to get a realistic time scale from them that everyone will aim to achieve
We have agreed to purchase a house in Coleford. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Co-operative your lawyer must follow the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Co-operative where a lease fails to comply with these conditions. The specifications relate to the installation of panels on properties nationwide and is not restricted to Coleford.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Coleford bank branch on various occasions and was told it does not impact the mortgage offer and they would lend. My Coleford conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Your property lawyer must follow the CML Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have finally had an offer on a flat in Coleford accepted, the sellers do however have a connected purchase. The owners have offered on a flat, however it’s not yet tied up, and have viewings of other apartments booked. I have selected a nearby conveyancing solicitor in Coleford. What should be my next step? When do I get the mortgage application with Nationwide going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Coleford conveyancing search charges, etc). The first thing to do is check that your conveyancer is on the Nationwide conveyancing panel. Regarding the subsequent stages this very much depends on the specifics of your case, attraction to the property and on the state of the market. In a hot market many buyers would apply for the mortgage with Nationwide and arrange for the valuation and only if it comes back ok would they pay their conveyancer to press on with searches.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Coleford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Coleford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to instruct a conveyancing solicitor for sale conveyancing in Coleford. I have land on a web site which seems to have the perfect offering If there is a chance to get all formalities done via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
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?
I am in need of some leasehold conveyancing in Coleford. Before I get started I want to be sure as to the remaining lease term.
If the lease is registered - and 99.9% are in Coleford - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Coleford - A selection of Queries Prior to Purchasing
-
Is anyone aware of any major works in the near future that will likely add a premium to the service fees? Who is in charge of the building? How many of the leaseholders are in arrears for their maintenance charge payments?
What range of conveyancing services do Coleford conveyancing organisations handle?
In the main Coleford conveyancing solicitors manage to handle a number of legal advice to domestic and rural land proprietors, vendors, investors, landlords and tenants such as:
-
Standard residential sale conveyancing in Coleford or nationally
Home purchase conveyancing in Coleford and also around the country
Transfer of property or a share in a property Amanah Compliant Finance including sales, purchases and refinances Help to Buy Conveyancing in Coleford or in all parts of the country Property conveyancing following matrimonial or relationship splits