Should lawyers request money up-front when it comes to conveyancing in Dersingham?
Where you are retaining lawyers for conveyancing in Dersingham your lawyer will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is as part of the purchase price then this will be asked for immediately before exchange of contracts. The final balance that is needed should be sent to your lawyer shortly before completion.
We have agreed to purchase a house in Dersingham. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
Given that your lender is Coventry BS your lawyer must check the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Coventry BS where a lease fails to comply with these requirements. The specifications relate to the installation of panels on properties countrywide and is not restricted to Dersingham.
We expect to receive a OIP from Virgin Money this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Virgin Money recommend any Dersingham solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Dersingham solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Dersingham solicitor on the Nottingham panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
What can a local search inform me about the house we're buying in Dersingham?
Dersingham conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Dersingham conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Me and my brother purchased a 4 bedroom Georgian property in Dersingham. Conveyancing practitioner represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dersingham and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who completed the work.
Due to the advice of my in-laws I had a survey completed on a house in Dersingham ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some banks tend refuse to grant a loan on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Dersingham. Conveyancing will be smoother if you use a solicitor in Dersingham especially if they are accustomed to such properties in Dersingham.