Me and my fiancee are acquiring our first home. Our solicitor has messagedto see if we want to order extra conveyancing searches. We are really unsure what's necessary for conveyancing in Towcester
The scope of Towcester conveyancing searches should be triggered based primarily on the property, the location, the possibility of any of these risks, your familiarity of the area and risks, your general approach to risk. What is important is that you properly appreciate what information each search could give you. Then you can decide if you consider that you need that search. Where you are unsure, ask the solicitor to explain.
We're in Towcester, First timers purchasing with a mortgage (lender is Leeds Building Society , and our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I happen to be the single recipient of my late father’s will with all property in now in my sole name, including the house in Towcester. The Towcester property was put into my name in August. I want to move. I understand that there is a CML six month 'rule', meaning my property ownership could be treated the same way as if I'd bought the house in August. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How practical a view lenders take of it, depend on the lender as this provision is chiefly there to pick up on subsales or the flipping of property.
Can I be sure that the Towcester conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Towcester obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor handling your conveyancing.
Last month we had a mortgage agreed in principle with Clydesdale. Towcester conveyancing solicitors were chosen. What is the average time that one could expect to receive a mortgage offer from Clydesdale?
Some lenders take longer than others. Have Clydesdale completed the survey? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The estate agent has sent us the confirmation of our purchase of a new build flat in Towcester. Conveyancing is daunting 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 few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Towcester
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the input of my in-laws I had a survey completed on a house in Towcester prior to appointing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders will refuse to grant a loan on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Towcester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Towcester to see if the conveyancing will be more expensive.
I am downsizing from my property. My former solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Towcester if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Towcester. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.