I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Todmorden. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/10/2021, the requirements read as follows :
I happen to be the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Todmorden. The Todmorden property was put into my name in September. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the property in September. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How practical a view lenders take of it, depend on the bank as this obligation is chiefly there to identify subsales or the quick reselling of property.
Is there a list of Leeds Building Society panel solicitors in Todmorden on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings open the public on the web. Where you are seeking to appoint a Todmorden conveyancing practitioner on the Leeds Building Society please make the most of our facility.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Todmorden 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 normal?
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. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Todmorden postcode. As you are getting a mortgage with Barclays, you could contact them to see if they have a list of approved surveyors in Todmorden.
I need some quick conveyancing in Todmorden as I have an ultimatum to sign on the dotted line within one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you have the choice not to have searches conducted although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Todmorden the following are examples of what can arise and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
The estate agent has sent us the confirmation of our purchase of a new build flat in Todmorden. 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 is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Todmorden
Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I opted to have a survey carried out on a house in Todmorden prior to retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks tend not issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Todmorden. Conveyancing will be smoother if you use a solicitor in Todmorden especially if they are acquainted with such properties in Todmorden.
My brother has recommend that I use his lawyers for conveyancing in Todmorden. Should I choose my own property lawyer?
There are no two ways about it the ideal way to find a conveyancing lawyer is to have recommendations from friends or family who have used the solicitor you're are thinking of instructing.