I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Hanslope. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/12/2024, the requirements read as follows :
Have just purchased a probate house at auction in Hanslope. Conveyancing is required. What happens now?
Having to in every practical sense signed on the dotted line you will need to instruct a conveyancing solicitor soon as you are faced with a fast approaching a drop dead date to complete the transaction. Every auction property will have an associated auction set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.
I am currently in the process of buying my council flat in Hanslope. I have a mortgage offer with UBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
Completion of my purchase has taken place for my property in Hanslope. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
We are buying a property and the conveyancer has raised the issue of Chancel Repair for which the property could be obligated to pay as it falls into the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Hanslope
Unless a previous purchase of the property completed after 12 October 2013 you can assume that solicitors handling conveyancing in Hanslope to remain recommending a chancel search and or insurance against a claim.
I'm remortgaging my current property to a buy to let mortgage with Norwich and Peterborough Building Society and intend to use the remaining equity towards a second house. The location we are interested in is Hanslope. Will your solicitors be able to act for both sets of mortgage companies and link together the transactions?
Make use of our comparison tool on this site to be sure that the lawyers are on the relevant lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make clear your expectations and needs.
I need to instruct a conveyancing solicitor in Hanslope for my house move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
Members of the public can find presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes monitor call for training purposes.
I am looking at a two flats in Hanslope which have about forty five years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this area.
Hanslope Leasehold Conveyancing - Examples of Questions you should consider before buying
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How much is the annual maintenance fee and ground rent? It would be sensible to find out as much as you can about the company managing the building as they can either make your living at the property much simpler or problematic. As the owner of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the tidiness of the communal areas. Enquire of prospective neighbours whether they are happy with their management. On a final note, find out the dates that the maintenance charges are due to the managing agents and precisely how they are spending that money. Best to be warned if redecorating or some other significant cost is pending to be shared by the leasehold owners and could well materially impact the level of the service charges or require a one time payment.