I have given 2 months notice to my existing landlord and must vacate my rented flat in Northop by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in 5 weeks as don't want to have to find short term accommodation?
It is unwise to serve notice for your tenancy unless you have exchanged. Assuming that you have not previously done so, contact to your solicitor and urge them to they seek the assistance the owners lawyers, try to a target completion date that everyone will aim to achieve
My fiance and I are buying a purpose built flat in Northop with a homeloan from Birmingham Midshires.We use our Northop conveyancing practitioner but Birmingham Midshires advised that his firm is not on their "panel". It seems we have little choice but to instruct a Birmingham Midshires panel lawyer or keep our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan issued to you contains various provisions, a common one being that lawyers must be on the Birmingham Midshires approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Birmingham Midshires
This question may be naive but I am wet behind the ears as a first time buyer of a garden flat in Northop. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Northop?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be called to receive the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
Can you point me to a directory of Principality panel conveyancers in Northop on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. Very few lending institutions make their panel listings open the public online. If you are in need of a Northop conveyancer on the Principality please use our facility.
Our sealed bid on a semi in Northop has been agreed to, but there is a chain. The owners have offered on on an apartment, however it’s not yet tied up, and are looking at other apartments booked. I have chosen a nearby conveyancing solicitor in Northop. What should be my next step? At what stage should I apply for the mortgage with Virgin Money?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then survey, Northop conveyancing search charges, etc). First, you should ensure that your solicitor is on the Virgin Money conveyancing panel. As to the subsequent steps this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot market many purchasers would apply for the mortgage with Virgin Money and arrange for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.
I am purchasing a house and the conveyancer has raised the issue of Chancel Repair for which the property could be liable as it falls into the area of such a church. He has suggested insurance. Is this really necessary for conveyancing in Northop
Unless a previous purchase of the premises took place post 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Northop to remain encouraging a chancel search and or chancel repair liability policy.
I have todayfound out that Action Conveyancing have closed. They carried out my conveyancing in Northop for a purchase of a leasehold flat 10 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to check if the premises 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 Northop conveyancing specialists.
I am looking for a flat up to £195,000 and found one round the corner in Northop I like with open areas and station in the vicinity, however it's only got 51 years on the lease. There is not much else in Northop in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.