I require conveyancing for an apartment in a fairly new development (6 years built) in Norris Green. 95% of the appartments have already been sold. Do I need carry out the local searches as part of conveyancing in Norris Green?
Conveyancing Searches are a critical link in the Norris Green conveyancing process. There are a large number of companies who offer Norris Green conveyancing searches, as well straight from the local authority. These are known collectively as personal search companies due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authoritative source.
I am considering applying for a TSB mortgage for purchase of a newly converted (under development) in Norris Green with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I am the single recipient of my late mum's estate with all property in now in my sole name, including the house in Norris Green. The Norris Green property was put into my name in November. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership will be regarded the same way as if I'd bought the house in November. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. How sensible a view lenders take of it, depend on the lender as this obligation primarily exists to capture subsales or the flipping of properties.
We have agreed to purchase a house in Norris Green. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As you are obtaining a mortgage with Clydesdale your lawyer must follow the conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Clydesdale where a lease does not meet these provisions. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Norris Green.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Norris Green solicitor on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS 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 Coventry BS mortgage from the register. Coventry BS, 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 Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
I am looking for a flat up to £305k and identified one near me in Norris Green I like with a park and station nearby, however it only has 52 remaining years left on the lease. There is not much else in Norris Green suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I'm refinancing my existing home to a BTL loan with Santander and intend to use the remaining equity as a down payment on another house. The location we are interested in is Norris Green. Will your lawyers be able to act for the two banks and link together the two deals?
Do use our search tool on this page to be sure that the solicitors are approved by both banks. On the basis that they are your conveyancer will be able to simultaneously deal with the two transactions but you should talk with you solicitor and specify your desired outcome and needs.
My husband is purchasing a leasehold apartment in Norris Green. Conveyancing estimates are coming in at around £two thousand. Does that seem right?
The average fee in 2014 for conveyancing in Norris Green was £1,500 not including SDLT and Land Registry fees.