Can you help - my lawyer advises that lack of planning permission insurance is required on my purchase. What is the level of cover for Thrapston conveyancing?
The appropriate level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Barnsley Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
I'm the only beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in Thrapston. The Thrapston property was put into my name in November. I plan to dispose of the property. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the property in November. Do I have to wait 6 months to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Most lenders would take a pragmatic view as this obligation is primarily there to identify the purchase and immediately sell or the flipping of properties.
I am selling my house. I had a double glazing fitted in February 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Santander are being a right pain. The Thrapston solicitor who is on the Santander conveyancing panel is saying indemnity insurance will be fine but Santander are requiring a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What will a local search tell me concerning the property we're purchasing in Thrapston?
Thrapston conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as Xpress Legal The local search is essential in every Thrapston conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications relevant to the premises (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 topic areas.
Are there restrictive covenants that are commonly picked up during conveyancing in Thrapston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Thrapston. 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…’
I decided to have a survey done on a house in Thrapston prior to appointing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend not grant a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thrapston. Conveyancing will be smoother if you use a solicitor in Thrapston especially if they are familiar with such properties in Thrapston.
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At this site receive a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Thrapston. Unlike many estate agents and brokerage sites we do not have commission deals with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the most kickback, as opposed to the best value conveyancing in Thrapston