I have given 2 months notice to my existing landlord and must leave my rented flat in Pitstone by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in six weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not give notice for your letting until you have exchanged. Assuming that you have not previously done so, speak to your solicitor and request that they chase the sellers side, try to a target completion date that everyone will work towards
We have a mortgage agreed in principle with Leeds Building Society. Pitstone conveyancing practitioners were appointed. How long does it take for Leeds Building Society to forward the offer to the solicitor?
There is no definitive answer here. Have Leeds Building Society done the valuation? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Pitstone bank branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Pitstone conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancer has to comply with the CML Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Barclays have agreed my home loan in principle, my bid on a house in Pitstone has been accepted, what happens next?
The property agent will need to be informed of your property lawyer's details (make sure the lawyers are on the lender’s approved list). Contact Barclays or the broker and complete any appropriate documentation. Barclays will appoint a valuer who will get in contact with the selling agent or owners to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Barclays will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Pitstone.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Pitstone. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Pitstone
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I was pointed in your direction by numerous estate agents in Pitstone to select a solicitor on your site. What’s the financial advantage for Estate Agents to recommend your services over and above alternative conveyancing organisations?
We refuse to offer any commission for directing people our way. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am thinking of appointing a conveyancing solicitor in Pitstone for my remortgage. Is it possible to review a solicitor's record with the profession’s regulator?
Members of the public can see published Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator may monitor call for training reasons.
There are plenty of properties in Pitstone on unadopted roads. We are buying such a house. What are the advantages and disadvantages of purchasing a residence on a privately owned road?
Pitstone conveyancing lawyers will be familiar with conveyancing houseson private. Your lawyer should review the title to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that residents pay into for the upkeep of the road. If there is one, the road will likely be maintained and look better than council adopted.