We have agreed to purchase a house in Newall Green. A rare aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Lloyds your lawyer must comply with the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook includes minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Lloyds where a lease fails to satisfy these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not restricted to Newall Green.
I am currently in the process of buying my council flat in Newall Green. I have a mortgage agreed with Nottingham. Conveyancing is new to me. 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 Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
About to purchase apartment in Newall Green. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Newall Green conveyancing practitioner is on the UBS conveyancing panel.
3 months have elapsed since my purchase conveyancing in Newall Green concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Newall Green differ for new build properties?
Most buyers of new build property in Newall Green approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Newall Green tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Newall Green or who has acted in the same development.
I decided to have a survey done on a house in Newall Green before appointing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders will not issue a mortgage on such a premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newall Green. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use the search app to find a conveyancing practitioner in Newall Green on the panel for my bank?
1st select a lender such as Yorkshire Building Society, The Mortgage Works or Platform Home Loans Ltd then choose your location a common one being Newall Green. Conveyancing practices in Newall Green and beyond should be identified.
Estate agents have just been given the go-ahead to market my ground floor apartment in Newall Green. Conveyancing has not commenced, but I have just received a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as usual given that all ground rent and service invoices should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Newall Green - A selection of Queries before Purchasing
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Be sure to investigate if the the lease includes any unreasonable restrictions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Newall Green. If you like the flatin Newall Green however your dog is not allowed to live with you then you have a very difficult compromise. What is the length of the lease? Generally speaking the cost for major works tend not to be included within service charges, albeit that there some managing agents in Newall Green obliged tenants to contribute towards a sinking fund and this is used to offset against major works.