We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to use a Crick based conveyancing firm?
Do check but the chances are that allocate you one of their panel solicitors where you take up the "fee-free" offer. Call the mortgage company and explore if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Crick.
I am assisting my mother sell her house in Crick. Does the conveyancer arrange an energy assessment or it is for the seller to see to?
After the demise of HIPs, energy assessments became a compulsory part of moving property. An energy assessment must be commissioned in advance of the property being marketed. This is not something that solicitors ordinarily organise. Where you are instructing a Crick conveyancing lawyer they may help arrange energy performance certificates due to their relationships with long established local energy assessors
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Crick building society branch on numerous occasions and was told it wasn't a problem and they will lend. My Crick conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I have no idea who is right.
The conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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.
TSB have agreed my home loan in principle, my bid on a flat in Crick has been agreed to, now what?
Your property agent will want to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Contact TSB or the financial adviser and finish off any relevant paperwork. TSB will sellect a valuer who will get in contact with the estate agent or vendor to arrange an appointment. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. TSB will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Crick.
A colleague suggested that where I am purchasing in Crick I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Crick conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Crick around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Crick Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Crick.
Are there restrictive covenants that are commonly identified during conveyancing in Crick?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Crick. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Crick is where the house is located. Is there any advice you can impart?
Flying freeholds in Crick are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crick you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crick may decide 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.
Am I better off to choose a Crick conveyancing solicitor who is local to the property I am purchasing? An old friend can conduct the legal formalities however her office is a couple of hundredkilometers drive away.
The benefit of a high street Crick conveyancing firm is that you can visit the firm to sign documents, present your identification documents and apply pressure on them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were impressed that should surpass using an unfamiliar Crick conveyancing lawyer solely due to them being round the corner.