We have a mortgage agreed in principle with Nottingham. Crofton Park conveyancing practitioners have been instructed. How long does it take for Nottingham to send the offer to the lawyer?
There is no definitive answer here. Have Nottingham completed the survey? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
My partner and I are spending time viewing houses in Crofton Park 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 mortgage with Leeds Building Society.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with Leeds Building Society, ask your prospective lawyers if they are on the Leeds Building Society conveyancing panel otherwise they can't do the mortgage legal work.
UBS have agreed my home loan in principle, my offer on a house in Crofton Park has been agreed to, now what?
The estate agent will wish to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the bank’s approved list). Telephone UBS or the broker and finalise any outstanding forms. UBS will instruct a valuer who will get in contact with the estate agent or vendor to arrange a slot for the valuation to happen. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. UBS will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Crofton Park.
My colleague recommended that if I am purchasing in Crofton Park I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Crofton Park conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Crofton Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Crofton Park Education with maps and statistics, Local Amenities and other useful data about Crofton Park.
How does conveyancing in Crofton Park differ for newly converted properties?
Most buyers of new build residence in Crofton Park contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because developers in Crofton Park typically purchase the site, 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 property lawyers 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 used to new build conveyancing in Crofton Park or who has acted in the same development.
I opted to have a survey completed on a property in Crofton Park prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend refuse to grant a mortgage on this type of property.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further via 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 Crofton Park. Conveyancing will be smoother if you use a solicitor in Crofton Park especially if they are familiar with such properties in Crofton Park.
Having had my offer accepted I require leasehold conveyancing in Crofton Park. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Crofton Park - 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.
Notwithstanding our best endeavours, we have been unsuccessful in seeking a lease extension in Crofton Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to arrive at the sum to be paid.
An example of a Lease Extension case for a Crofton Park premises is Flat b 14 Kemble Road in May 2014. The Tribunal assessed the value of the premium payable for the lease extension to be £9,761 This case affected 1 flat.
Are there any apps to help find a Crofton Park conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 10kilometers to meet the solicitor.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Crofton Park and you will see a number of lawyer located nearest Crofton Park. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.