My IFA requires my Amesbury law firm’s panel member for the HSBC conveyancing panel. What is the best way to obtain this. I have tried my local Amesbury office but they cant find it on their system.
The sensible thing to do is ask for this information from your Amesbury conveyancing practitioner . They keep a central record lender panel numbers.
We have agreed to purchase a house in Amesbury. An unusual aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Coventry BS your lawyer must check the formal requirements set out in Section 2 of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook includes minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Coventry BS where a lease does not comply with these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Amesbury.
I can not work out if my lender requires a lease extension. I have telephoned my Amesbury building society branch on a couple of occasions and was told it does not impact the mortgage offer and they would lend. My Amesbury conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they will not lend in accordance with their specific requirements. I have no idea who is right.
Provided that the property lawyer is on the lender panel, she or he must follow the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
At last I have had an offer on a maisonette in Amesbury accepted, but there is a chain. The vendors have placed an offer on on an apartment, however it’s not been accepted yet, and are looking at other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Amesbury. What do I do now? When should I get the mortgage application with Santander going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx one thousand pounds, then valuation, Amesbury conveyancing search fees, etc). The first thing to do is ensure that your property lawyer is on the Santander conveyancing panel. As to the next stages this very much depends on the specifics of your case, motivation for the property and on the state of the market. In a rising market many purchasers would apply for the mortgage with Santander and arrange for the valuation and only if it was satisfactory would they ask their lawyer to press on with the conveyancing in Amesbury.
My friend recommended that if I am buying in Amesbury I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Amesbury conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Amesbury around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Amesbury Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Amesbury Education with maps and statistics, Local Amenities and other useful data about Amesbury.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Amesbury I like with amenity areas and transport links nearby, however it only has 51 years on the lease. I can't really find anything else in Amesbury suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
Am I best advised to use a Amesbury conveyancing lawyer based in the vicinity that I am buying? We have a good friend who can deal with the conveyancing but they are based approximately 350miles away.
The primary upside of using a high street Amesbury conveyancing firm is that you can attend the office to sign paperwork, hand in your ID and apply pressure on them if necessary. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were content that must outweigh using an unknown Amesbury conveyancing lawyer just because they are based in the area.
Been searching for a conveyancing practitioner for freehold sale conveyancing in Amesbury. I'm selling, uncomplicated no mortgage to pay off, no rush, no onward purchase. Got an estimate from a conveyancer for nine hundred pounds including VAT which is a tad steep given that its so straightforward. Can I pay less for conveyancing in Amesbury?
As it’s a sale only, £500 + VAT is likely to be about the lowest for sale conveyancing in Amesbury.