My bid for a property was accepted at auction in Burton Latimer. Conveyancing is necessary. What is next?
Now that you are to all intents and purposes signed on the dotted line you should appoint a conveyancing lawyer soon as you are faced with a fast approaching a fixed date to complete the conveyancing. An auction property should have an associated auction set of papers. This will include most,if not all of the documents that your solicitor requires. In the case of leasehold property the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should give this to the solicitor instructed by you at the earliest opportunity. You also need to ensure that your finances are organised to complete on the on the contractual date .
Forgive me if this question is silly but I am unseasoned as a first time buyer of a two bedroom flat in Burton Latimer. Do I pick up the keys to the house on the completion date from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Burton Latimer?
On the day of completion you do not need to go to the conveyancers office in Burton Latimer. Your solicitors will electronically transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be able to collect the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
I am buying a property in Burton Latimer. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As your lender is Clydesdale your lawyer must follow the formal requirements contained in Part two of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook contains minimum conditions for solar panel roof-space leases, and lawyers are required to report to Clydesdale where a lease fails to meet these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not restricted to Burton Latimer.
Despite weeks of looking the Title Certificate and documents to our property are lost. The solicitors who did the conveyancing in Burton Latimer 4 years ago no longer exist. What are my options?
Nowadays there are duplicates made of almost everything, and your conveyancer should know precisely where to look for all the appropriate paperwork so you can buy or dispose of your house without a hitch. If duplicates can’t be found, your lawyer can put in place insurance or indemnities protecting you against possible claims on the property.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Burton Latimer I like with amenity areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Burton Latimer suitable, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm refinancing my current house to a BTL mortgage with Yorkshire Building Society and intend to use the remaining equity towards a second house. The location we are talking about is Burton Latimer. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?
Do use our search tool on this page to check that the conveyancers are approved by both lenders. Having checked that they are your lawyer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and communicate your desired outcome and requirements.
We're new to the buying process - agreed a price, yet the estate agent told us that the vendor will only proceed if we appoint the agent's preferred lawyers as they need a ‘quick sale’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Burton Latimer
We suspect that the seller is not behind this request. If they desire ‘a quick sale', alienating a serious buyer is going to damage their objectives. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Burton Latimer conveyancing solicitors - not the ones that will give their estate agent a kickback or hit his conveyancing thresholds demanded by senior management.