I am planning to acquire a flat and require a conveyancing solicitor in Skipton who is on the Godiva Mortgages Ltd solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Skipton. We dont recommend any particular firm.
I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Skipton for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Skipton conveyancing specialists.
How does conveyancing in Skipton differ for new build properties?
Most buyers of new build premises in Skipton come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Skipton tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Skipton or who has acted in the same development.
I opted to have a survey completed on a house in Skipton ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks will refuse to give a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Skipton. Conveyancing may be slightly more expensive based on your lender's requirements.
We are 3 weeks into a leasehold purchase having been recommend to conveyancers by the estate agent to handle our conveyancing in Skipton. I am not happy. Could you you assist me in finding new solicitors?
They would need to be really bad to suggest diss instructing them. Has your loan offer been generated? In the event that it has you will need to advise them of the new contact details and get the offer are issued to the new lawyers. The solicitor ideally needs to be on the banks panel to avoid supplemental costs and delays. So that should be your first question of the new lawyers. The search tool should help you find a lender approved lawyer for your conveyancing in Skipton
What are the common deficiencies that you come across in leases for Skipton properties?
Leasehold conveyancing in Skipton is not unique. All leases are individual and legal mistakes in the legal wording can result in certain sections are not included. The following missing provisions could result in a defective lease:
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Insurance obligations A provision for the recovery of money spent for the benefit of another party.
You could have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Norwich and Peterborough Building Society, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to withdraw.
Leasehold Conveyancing in Skipton - Examples of Queries Prior to Purchasing
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Please note if it is less than eighty years it will affect the value of the apartment. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering what this will be. Remember, in most cases you would be required to have been the owner of the premises for a couple of years in order to be legally able to exercise a lease extension. How much is the yearly maintenance fee and ground rent? This question is helpful as a) areas may cause problems for the block as the common areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the running of the building you will wish to know about it