Why is leasehold purchase conveyancing in Hedge End costs more?
Hedge End leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Does a directory service exist listing Coventry BS panel conveyancers in Hedge End on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings available online. Where you are looking for a Hedge End conveyancing practitioner on the Coventry BS please make the most of our tool.
I have a mortgage with Barclays for my property in Hedge End. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Barclays?
You must advise Barclays before letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays 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. It should not be necessary to do this via a Barclays conveyancing panel firm.
After months of negotiation I have agreed a price on an apartment in Hedge End. My mortgage broker suggested a conveyancing practitioner. I paid an advanced payment of £225. A couple of days later, the solicitor contacted me to say that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My wife and I own a terraced Edwardian property in Hedge End. Conveyancing lawyer acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same property. Is it worth asking Nationwide Building Society to clarify?
You need to review 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 Hedge End and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing practitioner who completed the work.
Due to the guidance of my in-laws I had a survey completed on a property in Hedge End in advance of retaining conveyancers. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some banks may not give a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hedge End. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the estate of my grandfather I am disposing of a residence in Swansea but reside in Hedge End. My lawyer (who is 300 miles awayneeds me to sign a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Hedge End who can witness this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Hedge End
Me and my wife have recently had an offer accepted on a house and had an appointment on Wednesday with Nationwide for the mortgage. They warned us that when it comes to appointing a solicitor that if they are not on their approved panel of lawyers then we will be subject to an an extra fee of £200. This is because they will then have to select a conveyancer to act for them in addition to the one we choose to act on our behalf and we are liable for their fees. I have asked Nationwide to provide me with a list so I can request quotes only from their approved conveyancers but was told they dont have such a list to hand over. Is their an easier way of going about this?
You can enquire of Nationwide what their panel criteria is for a conveyancer.Thereafter ask the property lawyer of your choice whether they meet the criteria and have they acted on mortgages for Nationwide before. If the answer to those is yes, then just double check with Nationwide. Alternatively please make use of our search facility and we should be able to locate a lawyer in Hedge End on the panel for Nationwide.