I am buying a property in Cambridge. One unusual aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Santander your lawyer must check the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and solicitors are required to report to Santander where a lease fails to satisfy these requirements. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Cambridge.
My partner and I are spending time viewing houses in Cambridge and I am about to put in an offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Co-operative.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are seeking a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with RBS for my property in Cambridge. Conveyancing was finalised some time 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 BTL mortgage or inform RBS?
You must advise RBS in advance of letting out your property as this is likely to be a breach of RBS’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 RBS directly. You need not do this via a RBS conveyancing panel solicitor.
How does conveyancing in Cambridge differ for newly converted properties?
Most buyers of new build or newly converted property in Cambridge approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Cambridge tend to purchase 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 Cambridge or who has acted in the same development.
What makes your site different to other online quote calculators for conveyancing in Cambridge?
At this site receive a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Cambridge. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your home move in Cambridge
I am using a search engine for the words on line conveyancing in Cambridge it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable solicitor for purchase transaction?
The ideal method of finding the right conveyancer is through a personal recommendation, so ask friends and those you trust who have acquired a property in Cambridge or the local estate agent or financial adviser. Costs for conveyancing in Cambridge differ, so it's advisable to secure at least four estimates from varying types of conveyancers. Make sure that you know that the fees are fixed.
I am in need of some leasehold conveyancing in Cambridge. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and almost all are in Cambridge - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Cambridge Leasehold Conveyancing - Sample of Queries before Purchasing
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Are there any major works on the horizon that could increase the service charges? Is the freehold owned collectively by the tenants? Many Cambridge leasehold properties will incur a service bill for the upkeep of the block invoiced by the landlord. Should you buy the flat you will have to meet this charge, normally periodically accross the year. This may vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge for you to pay yearly, normally this is not a large sum, say around £50-£100 but you should to check it because on occasion it could be surprisingly expensive.
Is it true that a Cambridge conveyancing firm has court proceedings brought against them by clients for failing to conduct comprehensive conveyancing investigations?
We are not aware of such a Cambridge conveyancing claim but according to a recent report, clients purchasing a home elsewhere in England successfully won a claim against their solicitor as a consequence of development plans to erect a wind farm not being picked up in conveyancing searches.
If you are purchasing in Cambridge It is essential that your property lawyer carry out all Cambridge conveyancing searches required making sure that you have relevant and up to date information ahead of purchasing a home in Cambridge.