I have given 8 weeks notice to my existing landlord and have to be out of my let out property in Fulwood by 4/7/2025. Conveyancing on my purchase has just started. Is it possible to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not provide notice for your lease unless exchange of contracts has taken place. Assuming that you have not previously done so, speak to your lawyer and ask them to they apply pressure on the sellers solicitors, try to get a realistic time scale from them that everyone will work to achieve
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Fulwood. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/5/2025, the requirements read as follows :
My wife and I own a semi-detached Edwardian house in Fulwood. Conveyancing lawyer acted for me and Bank of Scotland. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fulwood and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
I'm purchasing a new build house in Fulwood with a loan from Nationwide Building Society. The builders refused to reduce the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my conveyancer about the extras as it could put at risk my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a house in Fulwood in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may refuse to issue a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Fulwood. Conveyancing will be smoother if you use a solicitor in Fulwood especially if they are accustomed to such properties in Fulwood.
Am I better off to go with a Fulwood conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can deal with the conveyancing however her office is 400miles drive away.
The primary upside of using a local Fulwood conveyancing practice is that you can drop in to sign documents, hand in your identification documents and apply pressure on them if necessary. Having local Fulwood know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were happy that should surpass using an unknown Fulwood conveyancing solicitor just because they are round the corner.