Last month we had a mortgage agreed in principle with Leeds Building Society. Long Ashton conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Leeds Building Society?
Some lenders take longer than others. Have Leeds Building Society done the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have paid off my mortgage with Nationwide. I assume I don't need a Long Ashton property lawyer on the Nationwide panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Long Ashton. I have a mortgage agreed with TSB. 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 TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
Have purchased a a terraced house in Long Ashton , What is the estimated time for the Land Registry to record my ownership? My Long Ashton conveyancing solicitor has been very slow, so I want to be sure that my name is registered.
There is nothing unique about conveyancing in Long Ashton registration formalities. As opposed to being determined by geographic area, timeframes can vary according to who lodges the application, whether there are errors and whether the Land registry must send notices to any interested parties. As of today in the region of three quarters of submission are fully addressed within 12 days but some can be subject to longer delays. Historically registration is effected after the new owner is living at the premises therefore 'speed' is not always primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
Just had an offer accepted on a new build apartment in Long Ashton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Long Ashton
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Long Ashton I like with a park and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Long Ashton in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
How straightforward is it to use your search facility to find a conveyancing practitioner in Long Ashton on the approved list for my mortgage?
1st choose a lender such as Yorkshire Building Society, Coventry Building Society or Godiva Mortgages Ltd then choose your location such as Long Ashton. Conveyancing practices in Long Ashton and further afield should be identified.
My husband and I are novice buyers - agreed a price, yet the selling agent advised that the vendor will only issue a contract if we use the agent's preferred conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a family conveyancer who is familiar with conveyancing in Long Ashton
It is unlikely the sellers are behind this. Should the seller require ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and make sure they understand (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you intend to instruct your own,trusted Long Ashton conveyancing solicitors - not the ones that will earn their estate agent a referral fee or meet his conveyancing thresholds pre-set by head office.