Me and my partner are purchasing our first property. Our property lawyer has e-mailedto see if we want to take out extra conveyancing searches. We are really unsure what's relevant for conveyancing in Sawbridgeworth
The quantity and type of Sawbridgeworth conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the region and risks, your overall appetite to risk. What matters is that you properly understand what information each search could supply. Then you can decide if you consider that you need that search. Should you be unclear, ask the lawyer to provide guidance.
I am helping my aunt sell her house in Sawbridgeworth. Will the solicitor commission an EPC or should I organise this?
Following the demise of Home Packs, EPC’s was retained a required component of moving property. An energy performance certificate must be to hand prior to the property being marketed. It is not a task that law firms ordinarily organise. Where you are using a Sawbridgeworth conveyancing lawyer they might be able to arrange energy assessments given their relationships with reputable local energy assessors
The mortgage over my property is with TSB for my property in Sawbridgeworth. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
Your original mortgage agreement with TSB will provide that you need their approval prior to letting out your property as this is likely to be a breach of TSB’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 TSB directly. It should not be necessary to do this via a TSB conveyancing panel solicitor.
It is not clear whether my mortgage offer requires a lease extension. I have telephoned my Sawbridgeworth bank branch on numerous occasions and was told they are content with the situation and they will lend. My Sawbridgeworth conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Provided that the conveyancing practitioner is on the bank panel, they must adhere to the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
What can a local search tell me about the house I am purchasing in Sawbridgeworth?
Sawbridgeworth conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company such as Searches UK The local search is essential in every Sawbridgeworth conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search will reveal information on, amongst other things, details on planning applications relevant 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 thirteen topic headings.
My wife and I purchased a terraced Georgian house in Sawbridgeworth. Conveyancing lawyer represented me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for 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 Sawbridgeworth and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
I need to find a conveyancing solicitor for residential conveyancing in Sawbridgeworth. I have chance upon a web site which appears to be the ideal offering If it is possible to get all this stuff completed via email that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What is the reason for my conveyancer requiring numerous items of ID before I can commence with selling or buying a property in Sawbridgeworth?
Sawbridgeworth conveyancers are obliged by the Law Society, SRA, HM Land Registry and current AML legislation to certify that the have verified the identity of their clients. It is also sometimes a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to Land Tax and need to have information such as your full names, NI number and DOB.