Have just purchased a repossessed house at auction in Mold. Conveyancing is necessary. What happens now?

Given that you are now exchanged you must instruct a conveyancing lawyer quickly as you now have a tight a drop dead date to complete the transaction. Every auction property will have a corresponding auction pack. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold property the legal pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must give this to the lawyer instructed by you at the earliest opportunity. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.

My solicitor has informed me that missing deeds insurance is needed on my purchase. What is the level of cover for Mold conveyancing?

The appropriate level of missing deeds indemnity insurance should be dictated by who your lender. It would differ for example between HSBC Bank and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such policies.

My sealed bid on a detached house in Mold has been accepted, the owners do nevertheless have a connected purchase. The vendors have put an offer on a property, however it’s not yet tied up, and have viewings of other flats booked. I have instructed a nearby conveyancing solicitor in Mold. What should be my next step? When do I get the mortgage application with TSB started?

It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Mold conveyancing search fees, etc). The first thing to do is check that your conveyancing practitioner is on the TSB approved list. Concerning the next stages this very much depends on the specifics of your case, attraction to the property and on the state of the market. In a rising market the majority of buyers will apply for a home loan with TSB and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to proceed with searches.

Are there restrictive covenants that are commonly identified during conveyancing in Mold?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Mold. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Just had an offer accepted on a new build flat in Mold. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Mold

Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I opted to have a survey carried out on a house in Mold ahead of instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will refuse to give a mortgage on such a house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Mold. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mold to see if the conveyancing costs will increase in light of this.

I am looking into buying my first house which is in Mold and I am already nervous. I couldn't find anything specific about Mold. Conveyancing will be needed in due course but do you know about the Mold area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Mold. In the meantime here are some basic statistics that we found