Are the Gunnislake conveyancing solicitors identified as being on the UBS conveyancing panel, together with their details provided by UBS?
Gunnislake conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
We expect to receive a DIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Gunnislake solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Gunnislake solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I was told four weeks ago that my mortgage has been agreed to by Kent Reliance. Is it usual for Kent Reliance to only issue the offer once my solicitor in Gunnislake is approved on their conveyancing panel? Kent Reliance have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Gunnislake solicitor - who is on the Kent Reliance conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Gunnislake surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Various online forums that I have visited warn that are the primary cause of delay in Gunnislake conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Gunnislake.
Are there restrictive covenants that are commonly identified during conveyancing in Gunnislake?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Gunnislake. 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'm refinancing my current home to a BTL loan with TSB and intend to use the remaining equity towards further property. The area we are talking about is Gunnislake. Will your lawyers be able to act for both sets of banks and tie in the conveyances?
Make use of our search tool on this site to ensure that the lawyers are approved by both lenders. Assuming that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and needs.
I am looking at a two maisonettes in Gunnislake both have approximately 50 years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As a lease shortens the marketability of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.
Leasehold Conveyancing in Gunnislake - Examples of Questions you should consider before buying
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What is the name of the managing agents? Does this lease have more than 82 years remaining? Are any of leasehold owners in arrears of their service charge payments?