I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Southend. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 16/4/2024, the requirements read as follows :
I am helping my step-mother sell her property in Southend. Will the solicitor commission an energy assessment or should I organise this?
Following the demise of Home Information Packs, energy assessments was left as a required element of selling a house. An EPC needs to be commissioned in advance of the property being marketed. This is not as aspect of the sale process that law firms ordinarily arrange. Where you are using a Southend conveyancing lawyer they might be willing to arrange energy performance certificates due to their contacts with long established Southend energy assessors
I've read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Southend solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Southend surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My sealed bid on a property in Southend has been accepted, but there is a chain. The sellers have offered on a flat, however it’s not yet agreed to, and have viewings of other properties booked. I have selected a high street conveyancing solicitor in Southend. What should be my next step? At what stage should I apply for the mortgage with Yorkshire BS?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Southend conveyancing search costs, etc). The first course of action is to check that your solicitor is on the Yorkshire BS conveyancing panel. Concerning the subsequent steps this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. In a rising market the majority of home buyers will apply for the mortgage with Yorkshire BS and pay for the valuation and only if it comes back ok would they ask their conveyancing practitioner to move forward with the conveyancing in Southend.
About to purchase a new build flat in Southend. 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.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Southend
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I opted to have a survey carried out on a property in Southend in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some banks may not grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southend. Conveyancing will be smoother if you use a solicitor in Southend especially if they are acquainted with such properties in Southend.
How do I use your search tool to get a fee calculation from a conveyancing lawyer in Southend on the approved list for my mortgage?
Step one is to choose a bank such as HSBC Bank, Coventry Building Society or Clydesdale then choose your location such as Southend. Conveyancing firms in Southend and further afield will then be identified.
I need to retain a conveyancing solicitor for residential conveyancing in Southend. I have land on a web site which seems to have the perfect answer If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? What should out be looking out for?
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?