Can you explain why leasehold purchase conveyancing in Raunds is more expensive?
In short, leasehold conveyancing in Raunds and Northamptonshire usually involve more work compared to freehold conveyancing. This includes reviewing the lease, corresponding with the landlord about the service of appropriate notices, procuring up-to-date 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 – no matter how many different proprietor have owned the lease since it was first granted.
Are the BSA planning on creating a search tool with a view to to identify solicitors on the Earl Shilton BS conveyancing panel for example in Raunds?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
I am buying a 4 bedroom semi-detached house in Raunds. The intention is to an extension at the rear at the property.Will legal due diligence on the property include investigations to see if these works were previously refused?
Your conveyancer should review the registered title as conveyancing in Raunds will occasionally reveal restrictions in the title deeds which prohibit categories of changes or necessitated the permission of a 3rd party. Many extensions need local authority planning consent and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I have a mortgage with Santander for my property in Raunds. Conveyancing was finalised a year ago. Should I wish 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 Santander?
You must advise Santander in advance of letting out your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Santander directly. It should not be necessary to do this via a Santander conveyancing panel firm.
The formalities of my purchase has taken place for my property in Raunds. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
What does a local search inform me regarding the property we're buying in Raunds?
Raunds conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example PSG The local search plays an important part in many a Raunds conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I used Wolstenholmes a few years ago for my conveyancing in Raunds. Now, I need the files however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Raunds of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Raunds I like with amenity areas and railway links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Raunds in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may request that they start the process of the extension 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 speak to your conveyancing solicitor regarding this.