Our conveyancer has discovered a a problem with the lease for the flat we are purchasing in Knottingley. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must be satisfied that the bank is happy with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
Are the Knottingley conveyancing solicitors identified as being on the Coventry BS conveyancing panel, together with their details provided by Coventry BS?
Knottingley conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
What is your number one tip for finding a conveyancing solicitor in Knottingley
Do not opt for the lowest Knottingley conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am assisting my step-mother sell her property in Knottingley. Will the conveyancer order the EPC or it is for me to coordinate?
After the demise of Home Information Packs, energy performance certificates was kept a mandatory component of moving property. An energy performance certificate should be to hand before the property is advertised. This is not a task that lawyers normally arrange. Where you are using a Knottingley conveyancing solicitor they might help arrange EPC’s given their relationships with long established Knottingley providers
I am currently in the process of buying my council flat in Knottingley. I have a mortgage agreed with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
How does conveyancing in Knottingley differ for newly converted properties?
Most buyers of new build property in Knottingley come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is finished. This is because developers in Knottingley usually purchase the site, 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 property lawyers 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 Knottingley or who has acted in the same development.
Over the last few months I have been searching for a flat up to £305k and found one round the corner in Knottingley I like with a park and transport links nearby, however it only has 52 years on the lease. I can't really find anything else in Knottingley in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
I need to instruct a conveyancing solicitor for residential conveyancing in Knottingley. I've chance upon a web site which looks to be the perfect solution If it is possible to get all the legals completed via phone that would be preferable. Should I be wary? What should out be looking out for?
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?