Do conveyancers request money up-front when it comes to conveyancing in Hazel Grove?
If you are buying a property in Hazel Grove your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this will be required shortly ahead of exchange of contracts. Any further balance that is due will be payable shortly before completion.
My wife and I have recently appointed a conveyancing solicitor in Hazel Grove. I need to find out whether they are on the Nottingham Building Society approved list of lawyers. Can you help?
You should phone your solicitor and enquire whether they are on the lender panel. Otherwise you can get in touch with Nottingham Building Society who may be able to assist.
Can I be sure that the Hazel Grove conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Hazel Grove obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer conducting your conveyancing.
I have decided to exercise my right to buy my property in Hazel Grove off the council. I have a mortgage agreed with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I can not work out if my mortgage offer requires a lease extension. I have called my Hazel Grove building society branch on various occasions and was told it wasn't a problem and they will lend. My Hazel Grove conveyancing solicitor - who is on the bank conveyancing panel- called and was told they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the mortgage company approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a property in Hazel Grove? or I am told that there is a law dating back centuries that could mean that owners of property residing in a parish church boundary may be liable to contribute towards maintenance towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Hazel Grove?
Unless a prior purchase of the property completed post 12 October 2013 you may expect lawyers carrying out conveyancing in Hazel Grove to continue to propose a a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified as part of conveyancing in Hazel Grove?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hazel Grove. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £235,500 and found one close by in Hazel Grove I like with amenity areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Hazel Grove suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.