I have given 8 weeks notice to my existing landlord and have to leave my rented property in Burwell by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in 4 weeks as don't want to have to find short term accommodation?
The normal practice is not to provide notice on a rental unless you have exchanged. Assuming that you have not previously done so, update to your solicitor and request that they seek the assistance the other lawyers, try to get a realistic time scale from them that all parties will aim to achieve
Can you explain why leasehold purchase conveyancing in Burwell is more expensive?
Burwell leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I have been referred to a conveyancing solicitor in Burwell. I I am struggling to find out whether they are accepted on the Clydesdale conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is e-mail the conveyancer and enquire if they can act for the bank. Alternatively please call Clydesdale who may be able to confirm.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Burwell bank branch on a couple of occasions and was reassured it wasn't an issue and they will lend. My Burwell conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your property lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
My offer was accepted on a house in Burwell on 1/10/2024, valuation was booked 2 days later, received a clean bill of health. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Skipton and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Skipton conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
After what feels like an age I have had an offer on a flat in Burwell accepted, the vendors do however have a dependent purchase. The sellers have put an offer on on an apartment, but it’s not yet tied up, and have viewings of other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Burwell. What should be my next step? When do I get the mortgage application with Nottingham going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then survey, Burwell conveyancing search fees, etc). The first thing to do is check that your solicitor is on the Nottingham conveyancing panel. Concerning the next phase this very much depends on the specifics of your case, motivation for this property and on the state of the market. In a buoyant market many home buyers would apply for the mortgage with Nottingham and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with the conveyancing in Burwell.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Burwell is the location of the property. What do you suggest?
Flying freeholds in Burwell are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burwell you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burwell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am 3 weeks into a residential purchase having been referred to conveyancers by the local agent to handle our conveyancing in Burwell. I am not happy. Could you you assist me in finding new lawyers?
They would have to be really bad to suggest diss instructing them. Has the mortgage offer been generated? In the event that it has you will need to make them aware of the replacement solicitor and ensure the mortgage documents are re-sent. Your new conveyancer should be on the lenders approved list to avoid supplemental fees and delays. So that should be your first question of the new solicitors. The find a solicitor tool will assist you in finding a bank approved lawyer for your home move in Burwell