About to place a bid on a leasehold flat in Tadley. The property agents advise that it is usual for flats in Tadley to have less than 75 years left on the lease. I am taking out a loan with Bank of Ireland. Is this going to be a problem if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/11/2023 the requirements read as follows :
I am assisting my mother sell her house in Tadley. Does the conveyancer order an energy assessment or should I organise this?
Following the demise of Home Packs, energy performance certificates remained a required element of selling a property. An energy assessment needs to be commissioned before the property is put on the market. It is not as aspect of the sale process that law firms normally arrange. Where you are instructing a Tadley conveyancing lawyer they might be willing to arrange energy assessments given their contacts with long established Tadley providers
Is there a list of Coventry BS panel solicitors in Tadley on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings available on the web. If you are in need of a Tadley property lawyer on the Coventry BS please make the most of our facility.
I was told three weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in Tadley is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 4 months since my purchase conveyancing in Tadley took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Tadley ahead of instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks may refuse to grant a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Tadley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tadley to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Tadley. I happened to chance upon a site which looks to be the ideal offering If it is possible to get all this stuff completed via phone that would be ideal. Do I need to be concerned? 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?
Is planning permission necessary to split a single dwelling into two appartments in Tadley? This has been carried out to a house next door to my house in Tadley and was unaware of the conversion until it was done.
Planning Permission yes. Building Reg Approval yes.