My husband and I are purchasing residence in Shortlands. My property lawyer has never been on on the bank conveyancing list. Is it possible for me to continue with my Shortlands conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
You have a number of choices open to you here
- Complete the purchase with your existing Shortlands lawyer but your mortgage company will need to retain a conveyancing practitioner on their approved list. This will result in additional charges together with likely frustration.
- Appoint a fresh conveyancer to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your solicitor to apply to join the mortgage company panel
A colleague advised me that in purchasing a property in Shortlands there could be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of a number of properties in Shortlands which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Shortlands should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm in the process of looking at houses in Shortlands and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Lloyds.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are taking out a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I have a mortgage with Nationwide for my property in Shortlands. Conveyancing has been completed 12 months 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 BTL mortgage or inform Nationwide?
You must advise Nationwide prior to renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide 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 Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel lawyer.
I require fast conveyancing in Shortlands as I am under a deadline to exchange contracts inside one month. Fortunately I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not taking a mortgage you have the choice not to have searches carried out although no lawyer would suggest that you don't. With plenty of history conveyancing in Shortlands the following are examples of issues that can be revealed and adversely affect the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
The estate agent has sent us the confirmation of our purchase of a new build flat in Shortlands. Conveyancing is a frightening process 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 Shortlands
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I'm refinancing my primary property to a buy to let loan with Santander and I will use the ballance of the raised equity as a deposit on a second house. The location we are looking at is Shortlands. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our search tool on this page to ensure that the conveyancers are approved by both mortgage companies. Assuming that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and specify your expectations and needs.
In surfing the internet for the words on line conveyancing in Shortlands it shows results of numerous conveyancersin the vicinity. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The ideal method of seeking the right conveyancer is through a personal testimonial, so ask colleagues and those you trust who have purchased a property in Shortlands or the reputable estate agent or financial adviser. Fees for conveyancing in Shortlands differ, so it's a good idea to secure at least four fee estimates from varying types of solicitors. Make sure that you know what costs in the quote includes.