I have given 8 weeks notice to my existing landlord and must leave my let out flat in East Croydon by the end of next month. Conveyancing for my house purchase has just started. Can I complete in 4 weeks as don't want to have to move into short term accommodation?
Generally one should not provide notice for your lease unless your lawyer suggests that you should. If you have not previously done so, update to your lawyer and ask them to they apply pressure on the owners side, try to an agreed time frame that all parties will look towards
Is it the case that all East Croydon conveyancing solicitors on the Coventry BS conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the SRA. The majority of banks do permit licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.
The mortgage over my property is with Barclays for my property in East Croydon. Conveyancing was finalised 12 months ago. If I am intending 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 Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval prior to renting your property as this is likely to be a breach of Barclays’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 Barclays directly. You need not do this via a Barclays conveyancing panel lawyer.
Principality have agreed my home loan in principle, my offer on a house in East Croydon has been agreed to, now what?
The property agent will want to know who your solicitors are (ensure that the conveyancers are on the lender’s panel). Contact Principality or your broker and finish off any appropriate paperwork. Principality will appoint a valuer who will get in contact with the selling agent or owners to schedule a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Principality will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in East Croydon.
What does a local search reveal concerning the house my wife and I purchasing in East Croydon?
East Croydon conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search plays an important role in many a East Croydon conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
Due to the advice of my in-laws I had a survey completed on a house in East Croydon prior to appointing solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may not give a loan on such a house.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you contact us we can check via 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 East Croydon. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I best advised to go with a East Croydon conveyancing lawyer based in the vicinity that I am buying? I have an old university friend who can deal with the legal formalities but they are based 200kilometers away.
The primary upside of using a local East Croydon conveyancing practice is that you can attend the office to execute paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local insight which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were happy that should surpass using an unknown East Croydon conveyancing lawyer solely due to them being local.
We are first time buyers just having agreed a price on a property in East Croydon, and need to get solicitors instructed. I have used the numerous rating based websites and the fee estimates are from all across the the UK. Is it necessary to have a East Croydon conveyancing practitioner local to our potential new home? We are happy to do all the communicating electronically, but I am thinking at some point we may need to attend the conveyancer's office to sign documents?
The lawyer does not need to be in East Croydon, but choosing local means that you can go in if needed, by way of example, if a signature is needed urgently. Also, a East Croydon solicitor is likely to be familiar with local agents and (if the vendor has chosen a local solicitor) with them, which should help keep things moving faster.