The mortgage over my property is with Bank of Ireland for my property in Fratton and Portsea. Conveyancing has been completed a year ago. If I am intending 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 Bank of Ireland?
Bank of Ireland must be informed of your intention in advance of letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland 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 Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel firm.
I am selling my apartment. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Aldermore are being pedantic. The Fratton and Portsea solicitor who is on the Aldermore conveyancing panel is saying indemnity insurance will be fine but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have finally had an offer on a maisonette in Fratton and Portsea agreed to, the owners do nevertheless have a connected purchase. The owners have placed an offer on on an apartment, however it’s not yet tied up, and are looking at other apartments booked. I have instructed a local conveyancing solicitor in Fratton and Portsea. What should be my next step? When should I get the mortgage application with Lloyds going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, Fratton and Portsea conveyancing search costs, etc). The first course of action is to check that your lawyer is on the Lloyds approved list. As to the next steps this very much depends on the circumstances of your case, attraction to the property and on the state of the market. In a hot market the majority of home buyers will apply for the mortgage with Lloyds and arrange for the valuation and only if it was satisfactory would they request their lawyer to press on with searches.
The deeds to our home are lost. The conveyancers who handled the conveyancing in Fratton and Portsea 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title original deeds to evidence that you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.
About to purchase a new build flat in Fratton and Portsea. 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 is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fratton and Portsea
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared. 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.
As co-executor for the will of my aunt I am disposing of a residence in Newport but I am based in Fratton and Portsea. My conveyancer (approximately 260 miles awayrequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Fratton and Portsea to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Fratton and Portsea
We expect to complete the sale of our £175,000 flat in Fratton and Portsea in 8 days. The managing agents has quoted £312 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Fratton and Portsea?
For most leasehold sales in Fratton and Portsea conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-exchange questions
Where consent is required before sale in Fratton and Portsea
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Fratton and Portsea Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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Is anyone aware of any major works on the horizon that will add a premium to the service fees? You should want to discover as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to every day matters such as the upkeep of the communal areas. You should not be afraid to ask other tenants whether they are happy with them. Finally, find out the dates that you are obliged pay the service charge to the managing agents and specifically what you get for your money. Where a Fratton and Portsea lease has no more than eighty years it will have adverse implications on the value of the flat. It is worth checking with your bank that they are content with residual term of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this will be. Remember, in most cases you would be be obliged to have owned the property for two years in order to be entitled to extend the lease.
My wife and I have recently appointed a conveyancing solicitor in Fratton and Portsea. I need to find out if they are on the lender's conveyancing panel. Can you advise?
It’s a good idea contact your conveyancer to check if they are on the bank's panel. Alternatively please call us and we can investigate and revert. If they are not on the conveyancing panel we we can help find a reputable conveyancing solicitor in Fratton and Portsea on the panel for your mortgage company.