Have just purchased a repossessed house at auction in Durham. Conveyancing is required. What happens now?
Now that you are for in every practical sense signed on the dotted line you should hire the services of a conveyancing solicitor as a matter of urgency as you are faced with a fast approaching deadline in which to complete the conveyancing. An auction property should have an associated auction set of papers. This will likely include most,if not all of the paperwork that your lawyer will need. If you have purchased leasehold premises the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You should hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
A friend advised me that in buying a property in Durham there could be various restrictions as to what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Durham which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Durham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I had an offer accepted on a property in Durham on 17/6/2021, valuation was booked 4 days after, received a clean bill of health. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Co-operative and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Co-operative conveyancing panel. Are Co-operative entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
Is it necessary to take out insurance to address the risk of chancel repairs when buying a residence in Durham?
Unless a previous purchase of the property completed post 12 October 2013 you could assume that lawyers conducting conveyancing in Durham to remain recommending a chancel search and or chancel repair liability policy.
Just had an offer accepted on a new build flat in Durham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Durham
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Over the last few months I have been searching for a flat up to £305k and found one near me in Durham I like with amenity areas and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Durham for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
My father-in-law has recommend that I use his conveyancing solicitors in Durham. Should I find my own solicitor?
There are no two ways about it the best way to find a conveyancing solicitor is to have referrals from friends or relatives who have actually used the firm you're considering.
How much experience do your Durham conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Durham conveyancing lawyers help thousands of people move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Durham conveyancers have worked on recent similar matters.