Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Forest Hill. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/4/2024, the requirements read as follows :
Should commercial conveyancing searches disclose impending roadworks that may affect a commercial property in Forest Hill?
Its becoming the norm that commercial conveyancing solicitors in Forest Hill will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Forest Hill. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Forest Hill.
For every commercial conveyancing transaction in Forest Hill it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Forest Hill commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Forest Hill.
I am looking for a ground for flat up to £245,000 and identified one close by in Forest Hill I like with open areas and station in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Forest Hill in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
How easy is it to change conveyancer as I need to appoint one who is on the Godiva Mortgages Ltd conveyancing panel. I was using a family conveyancing solicitor in Forest Hill round the corner but she is not accepted by Godiva Mortgages Ltd
It would be our pleasure to assist you select a conveyancing solicitor in Forest Hill on the Godiva Mortgages Ltd panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Forest Hill. In making use of search facility on this page, you can contrast fees for conveyancing solicitors in Forest Hill and throughout England and Wales.
Should I choose a Forest Hill conveyancing lawyer who is local to the property I am hoping to buy? An old friend can carry out the legal work however her office is 200kilometers drive away.
The primary upside of using a local Forest Hill conveyancing practice is that you can drop in to execute documents, deliver your identification documents and apply pressure on them if necessary. They will also have local insight which is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and they were impressed that should trump using an unknown Forest Hill conveyancing solicitor just because they are based in the area.
At long last our conveyancing in Forest Hill completes next Friday, yet the sellers I am buying from wishes to move out the next day at PM. Can I accept such a plan?
In situations where you are having a loan then your lawyer will insist that you have vacant possession on Friday - the lender will require it.