We're in Knutsford, FTBs buying with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I decided to have a survey carried out on a property in Knutsford in advance of retaining solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders may refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Knutsford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Knutsford to see if the conveyancing will be more expensive.
How difficult is it to change conveyancer as I have to select one who is on the Santander conveyancing panel. I was using a family conveyancing solicitor in Knutsford five minutes from me but she is not approved by Santander
We will our best to assist in finding you a conveyancing solicitor in Knutsford on the Santander panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Knutsford. In making use of search facility on this website, you can contrast charges for conveyancing solicitors in Knutsford and throughout England and Wales.
We are one month into a leasehold purchase having been referred to solicitors by the high street agent to do our conveyancing in Knutsford. We are not happy. Can you help me find new lawyers?
A lawyer would need to be very bad in order to consider diss instructing them. Has your mortgage offer been sent? If so you will need to advise them of the replacement lawyer and have the loan are re-sent. Your new conveyancer should be on the mortgage company approved list to avoid supplemental fees and complications. So that should be your starting point. Our search tool should help you find a lender approved lawyer for your home move in Knutsford
I've recently bought a leasehold property in Knutsford. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Knutsford Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
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Who manages the building? Please note if it is less than eighty years it will affect the value of the flat. Check with your lender that they are happy with the length of the lease. Leases with fewer than 80 years remaining means that you will probably have to extend the lease at some point and you need to have some idea of how much this would cost. For most Knutsfordlease extensions you would be be obliged to have owned the premises for 24 months before you are legally able to carry out a lease extension. Best to be warned whether window replacement or some other significant cost is due in the near future to be shared between the tenants and could well materially impact the level of the maintenance costs or result in a one off payment.
Should I stop the direct debit for my mortgage with Kent Reliance once a completion date for my home sale in Knutsford has been set?
You would be well advised to continue paying any mortgage payments to Kent Reliance pending the mortgage being paid off on completion as part of your Knutsford conveyancing.