Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Wigan. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 10/10/2021, the requirements read as follows :
Do I need to take out insurance to address the risk of chancel repairs when buying a property in Wigan?
Unless a prior acquisition of the house took place post 12 October 2013 you could take it that lawyers delivering conveyancing in Wigan to continue to advocate a chancel search and or chancel repair liability insurance.
How does conveyancing in Wigan differ for newly converted properties?
Most buyers of new build premises in Wigan contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Wigan tend to purchase the land, 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 Wigan or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Wigan is the location of the property. Can you offer any advice?
Flying freeholds in Wigan are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wigan you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wigan may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
As co-executor for the estate of my aunt I am selling a residence in Monmouth but reside in Wigan. My conveyancer (based 300 miles awayhas requested that I sign a stat dec ahead of completion. Could you suggest a conveyancing lawyer in Wigan who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are located in Wigan
I am attracted to a couple of maisonettes in Wigan which have in the region of fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Wigan. The lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to extend the lease. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this field.
Wigan Conveyancing for Leasehold Flats - Sample of Queries before buying
Are there any major works in the near future that will likely add a premium to the service charges? This question is helpful as a) areas can result in problems for the building as the common areas may start to deteriorate if maintenance remain unpaid b) if the leaseholders have a dispute with the running of the building you will wish to have full disclosure