We instructed a high street firm for my conveyancing in Walton Le Dale last week. After carefully reading the Terms it is apparent thatwe are responsible for fees even if our purchase doesn't happen. Should I go with them or choose a web based conveyancing company promising no move no charge conveyancing in Walton Le Dale?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the fee levels will generally be more expensive to counteract those cases that fail to complete. Please beware that such offerings tend not to protect you from expenses for instance Walton Le Dale conveyancing search costs.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Walton Le Dale. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/1/2025, the requirements read as follows :
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Walton Le Dale building society branch on numerous occasions and was told they are content with the situation and they would lend. My Walton Le Dale conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend based on their specific requirements. I simply don't know who is right.
The conveyancing practitioner must comply with the Council of Mortgage Lenders’ Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Walton Le Dale solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society 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 solicitor 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 Walton Le Dale postcode. As you are getting a mortgage with Leeds Building Society, you could contact them to see if they have a list of approved surveyors in Walton Le Dale.
After what feels like an age I have had an offer on a maisonette in Walton Le Dale accepted, the owners do nevertheless have a tied purchase. The owners have put an offer on on an apartment, however it’s not been accepted yet, and are looking at other properties in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Walton Le Dale. What should be my next step? At what stage do I apply for the mortgage with Co-operative?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Walton Le Dale conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the Co-operative approved list. Regarding the next steps this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. In a buoyant market some buyers will apply for a home loan with Co-operative and arrange for the valuation and only if it was satisfactory would they request their conveyancing practitioner to move forward with searches.
I have recentlyfound out that Stirling Law have closed. They carried out my conveyancing in Walton Le Dale for a purchase of a freehold house 10 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can make 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 Walton Le Dale conveyancing specialists.
How does conveyancing in Walton Le Dale differ for newly converted properties?
Most buyers of new build premises in Walton Le Dale contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Walton Le Dale usually buy the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Walton Le Dale or who has acted in the same development.
I opted to have a survey completed on a house in Walton Le Dale before instructing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks may not grant a loan on this type of house.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you call us we can investigate further with 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 Walton Le Dale. Conveyancing may be slightly more expensive based on your lender's requirements.