We have agreed to purchase a house in Park Langley. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Co-operative be concerned?
Given that your lender is Co-operative your lawyer must comply with the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and solicitors are required to report to Co-operative where a lease fails to meet these conditions. The conditions relate to the installation of panels on properties countrywide and is not limited to Park Langley.
My fiancee and I are spending time viewing apartments in Park Langley and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Yorkshire BS.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are seeking a mortgage with Yorkshire BS, ask your prospective lawyers if they are on the Yorkshire BS conveyancing panel otherwise they can't do the mortgage legal work.
I have paid off my mortgage with Nottingham. I assume I don't need a Park Langley property lawyer 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
How does conveyancing in Park Langley differ for newly converted properties?
Most buyers of new build premises in Park Langley contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Park Langley typically acquire 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 conveyancers 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 Park Langley or who has acted in the same development.
I decided to have a survey done on a property in Park Langley before appointing solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies will not issue a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Park Langley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Park Langley to see if the conveyancing costs will increase in light of this.
I'm refinancing my existing property to a BTL loan with Barclays and I will use the ballance of the raised equity towards another property. The location we are talking about is Park Langley. Will your conveyancers be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this site to ensure that the conveyancers are on the relevant lender panels. Assuming that they are your solicitor will be able to connect the two conveyancing matters but you should talk with you solicitor and communicate your desired outcome and requirements.
How easy is it to change a solicitor as I need to find a Park Langley based conveyancer who is on the mortgage company conveyancing panel. How simple is it to change conveyancer?
In the event that you have not formally appointed a solicitor to commence the conveyancing and at this stage simply received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Park Langley that you're considering.