I have given 2 months notice to my current landlord and have to vacate my let out flat in Lightwater by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as don't want to have to find temporary accommodation?
Generally one should not give notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, update to your solicitor and ask them to they seek the assistance the sellers side, try to get a realistic time scale from them that all parties will work towards
When it comes to lenders such as Leeds Building Society, do Lightwater property lawyers incur a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Is there a list of Bank of Ireland panel conveyancers in Lightwater on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings visible online. If you are seeking to appoint a Lightwater solicitor on the Bank of Ireland please make the most of our facility.
Santander have agreed my home loan in principle, my bid on a house in Lightwater has been accepted, what are the next steps?
The property agent will wish to be informed of your lawyer's details (ensure that the conveyancing practitioners are on the lender’s panel). Contact Santander or your financial adviser and finish off any outstanding documentation. Santander will appoint a valuer who will get in contact with the estate agent or seller to book a slot for the valuation to happen. Once carried out (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Santander will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Lightwater.
A relative suggested that if I am purchasing in Lightwater I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Lightwater conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Lightwater around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Lightwater Education with plans and statistics, Local Amenities and other useful data regarding Lightwater.
I have justfound out that Wolstenholmes have closed. They conducted my conveyancing in Lightwater for a purchase of a freehold house 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can make 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 Lightwater conveyancing specialists.
How does conveyancing in Lightwater differ for new build properties?
Most buyers of new build residence in Lightwater approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Lightwater tend to buy the real estate, 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 Lightwater or who has acted in the same development.
I am looking for a leasehold apartment up to £195,000 and found one near me in Lightwater I like with a park and station in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Lightwater suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.