I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Shirebrook. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/4/2024, the requirements read as follows :
I am planning to move property in May. Should my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Shirebrook. Conveyancing firm was organised before I stumbled across this page.
On the afternoon of completion you will need to collect the keys from the selling agent but this can only take place once the sellers conveyancers inform the agent that the monies to complete are in and the keys can be passed over. After that you can tell the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can assist you in finding a conveyancing in Shirebrook or a solicitor that specialises in conveyancing in Shirebrook.
I am the sole beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Shirebrook. Conveyancing formalities meant that the Land Registry date was in March. I plan to dispose of the property. I understand that there is a CML six month 'rule', which means that my proprietorship could be regarded the same way as though I had purchased the house in March. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. Most banks would take a practical view as this obligation is primarily there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
I have a mortgage with Aldermore for my property in Shirebrook. Conveyancing has been completed 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
You must advise Aldermore in advance of letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore 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 Aldermore directly. You need not do this via a Aldermore conveyancing panel solicitor.
I am selling our property in Shirebrook and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A high street Shirebrook lawyer would know that there is no such problem. It does beg the question why the buyers are using a national conveyancing outfit as opposed to a conveyancing solicitor in Shirebrook. Having lived in Shirebrook for three years we know of no issue. Should we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
The estate agent has sent us the confirmation of our purchase of a new build flat in Shirebrook. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Shirebrook
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are surveyor prepared.
My husband and I are FTB’s - had an offer accepted, yet the agent informed us that the owners will only go ahead if we instruct the agent's chosen solicitors as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Shirebrook
It is improbable the vendors are behind this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make the point that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Shirebrook conveyancing firm - as opposed tothose that will give their estate agent a kickback or meet his conveyancing figures set by HQ.
What is the reason for new build conveyancing in Shirebrook being more expensive?
Acquiring a new build home is completely distinct from the normal house purchase conveyancing in Shirebrook. For a start housebuilders ordinarily insist contracts to exchange within a tight deadline, the result being a lot of pressure on your conveyancer to make sure everything is in order. Furthermore new build premises frequently involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders obligations are also more detailed. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.