I have given 8 weeks notice to my current landlord and must leave my let out apartment in Pangbourne by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not serve notice for your tenancy until you have exchanged. Assuming that you have not already done so, notify to your lawyer and request that they cajole the owners side, try to get a realistic time scale from them that all parties will aim towards
Is there a reason why leasehold purchase conveyancing in Pangbourne is more expensive?
In short, leasehold conveyancing in Pangbourne and elsewhere usually involve more work compared to freehold transactions. This includes lease investigation, communicating with the landlord concerning serving required notices, securing current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to use a local conveyancing solicitor in Pangbourne?
Do check but the the probability is that appoint one of their panel conveyancers where you take up the "fee-free" deal. Speak to the lender and ask if they allow a cash alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Pangbourne.
My wife and I purchasing a detached bungalow in Pangbourne. We would like to carry out a loft conversion at the property.Will legal work on the property include investigations to ascertain if these alterations are prohibited?
Your property lawyer should check the deeds as conveyancing in Pangbourne can sometimes reveal restrictions in the title documents which prevent categories of alterations or need the permission of a 3rd party. Many works need local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I'm at the point of viewing houses in Pangbourne and I am now considering a potential offer. Should I already have a conveyancer in place at this stage? I will be getting a home loan with Skipton.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are taking out a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
I have a mortgage with Coventry BS for my property in Pangbourne. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
You must advise Coventry BS before letting out your property as this is likely to be a breach of Coventry BS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. You need not do this via a Coventry BS conveyancing panel firm.
Me and my brother have a renovated Georgian house in Pangbourne. Conveyancing lawyer represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the exact same address. Is it worth asking Birmingham Midshires to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Pangbourne and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing practitioner who conducted the work.
Due to the encouragement of my in-laws I had a survey completed on a house in Pangbourne before instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend refuse to give a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Pangbourne. Conveyancing may be slightly more expensive based on your lender's requirements.