Will my conveyancing lawyers need to check that the building insurance when buying a house in Goffs Oak. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/4/2025, the requirements read as follows :
I have todaybecome aware that Wolstenholmes have been shut down. They carried out my conveyancing in Goffs Oak for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, you can carry out 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 Goffs Oak conveyancing specialists.
How does conveyancing in Goffs Oak differ for newly converted properties?
Most buyers of new build property in Goffs Oak contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Goffs Oak usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Goffs Oak or who has acted in the same development.
I have been on the look out for a flat up to £235,500 and found one near me in Goffs Oak I like with open areas and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Goffs Oak suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I'm remortgaging my current property to a buy to let mortgage with Norwich and Peterborough Building Society and intend to use the remaining equity as a down payment on a second house. The neighborhood we are interested in is Goffs Oak. Will your conveyancers be able to act for the two lenders and link together the conveyances?
Make use of our search tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are your lawyer should be able to tie up the two deals but you should talk with you lawyer and specify your desired outcome and needs.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.