Our Chilwell conveyancer has uncovered a difference between the information in the valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
When it comes to mortgage companies such as Santander, do Chilwell conveyancers incur a yearly amount to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I am purchasing a property in Chilwell. A rare aspect is that the roof has a solar panel. Skipton 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 Skipton your lawyer must comply with the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Skipton. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and solicitors are required to report to Skipton where a lease does not satisfy these conditions. The specifications relate to the installation of panels on properties nationwide and is not limited to Chilwell.
I have a mortgage with Coventry BS for my property in Chilwell. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Coventry BS?
Your original mortgage agreement with Coventry BS will provide that you need their approval before letting out your property as this is likely to be a breach of Coventry BS’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 Coventry BS directly. You need not do this via a Coventry BS conveyancing panel lawyer.
About to purchase a new build flat in Chilwell. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Chilwell
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Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the guidance of my in-laws I had a survey completed on a property in Chilwell in advance of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some lenders may refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. Santander has different requirements from Nationwide. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chilwell. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my grandmother I am disposing of a property in Newport but reside in Chilwell. My lawyer (based 235 kilometers from merequires that I sign a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Chilwell who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are based in Chilwell
My in 2007. He has been wed, divorced and has recently married again. He now intends to the sell the Chilwell property. I suspect that he will just be requested to provide a copy of the marriage certificates to the conveyancing practitioner but he is worried it will frustrate the home move. Should he appoint a conveyancer to update the Land Registry details for the property?
The is no need to bring up to date the title for the property providing you have the evidence required to show how the name change has come about.
The buyer’s property lawyer should review the land registry details and require evidence to prove the change of name e.g. marriage documentation.