Me and my partner are about to complete buying a property in Berkeley but as a result of damage from some water damage at the property I have managed to agree recompense from the seller of six thousand pounds in the form of a deduction in the price. I had intended this to be addressed as part of a side agreement but Principality will not permit this. Should they have been notified?
Your lawyer being on the Principality conveyancing panel is duty bound to advise Principality of any changes to the sale price. If you were to refuse your conveyancing practitioner to notify the price change to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new solicitor for your conveyancing in Berkeley.
I am planning to move house in March. Should my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you suggest a removal company in Berkeley. Conveyancing firm was chosen prior to coming across your website.
On the day of completion you will need to pick up the house keys from your estate agent however this should only take place after the sellers solicitors advise the agent that the monies to complete are in and the keys can be handed over. You will need to tell the removal company that you are ready to move in. We are not in a position to suggest a particular removal company but can help you choose a residential property solicitor in Berkeley or a lawyer that specialises in conveyancing in Berkeley.
I currently have a mortgage with Leeds Building Society for my property in Berkeley. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
Your original mortgage agreement with Leeds Building Society will provide that you need their approval prior to renting your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. It should not be necessary to do this via a Leeds Building Society conveyancing panel solicitor.
It is not clear whether my bank requires a lease extension. I have called my Berkeley bank branch on various occasions and was told they are content with the situation and they would lend. My Berkeley conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the property lawyer is on the lender approved list, they must follow the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 remaining.
3 months have gone by since my purchase conveyancing in Berkeley completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a house in Berkeley ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies will not grant a loan on this type of house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Berkeley. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking to sell my property. My previous conveyancers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Berkeley if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Berkeley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
As co-executor for the will of my grandfather I am selling a house in Monmouth but I am based in Berkeley. My conveyancer (based 235 miles from mehas requested that I sign a statutory declaration before completion. Could you suggest a conveyancing solicitor in Berkeley who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Berkeley