Me and my partner are soon to complete buying a house in Queen's Park but as a consequence of damage from some water damage at the property I have managed to agree reparation from the seller in the sum of £2k by way of a deduction in the price. This was going to be addressed as part of a side agreement yet Skipton are not allowing this. Why were they involved?
The conveyancing practitioner that is on a Skipton approved list is obliged to disclose to Skipton of any variations to the sale price. If you prohibit your conveyancer to disclose the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new solicitor for your conveyancing in Queen's Park.
We're in Queen's Park, First time buyers purchasing with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Have just purchased a repossessed house at auction in Queen's Park. Conveyancing is necessary. What are my next steps?
Now that you have to in every practical sense signed on the dotted line you will need to hire the services of a conveyancing lawyer soon as you are faced with a pending a fixed date to complete the conveyancing. All auction property should have a bespoke legal set of papers. This will include evidence of title and search results. In the case of leasehold premises the legal pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to leasehold premises. You must pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in place to complete on the date specified in the contract.
We are getting the release of further funds on our home loan from Lloyds as we wish to conduct renovations to our house in Queen's Park. Do we need to appoint a high street Queen's Park solicitor on the Lloyds conveyancing panel to deal with the legals?
Lloyds don't usually appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds conveyancing panel.
I can not fathom if my lender requires a lease extension. I have called into my local Queen's Park bank branch on various occasions and was told it wasn't a problem and they would lend. My Queen's Park conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend in accordance with their specific requirements. I simply don't know who is right.
Provided that the solicitor is on the mortgage company approved list, they must adhere to the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender 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 left on the lease.
I am looking for a flat up to £235,500 and found one near me in Queen's Park I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Queen's Park 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 the remaining unexpired lease term will be problematic. Reduce the price 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. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm converting the mortgage on my primary property to a BTL mortgage with The Royal Bank of Scotland and I will use the ballance of the raised equity as a deposit on another property. The location we are looking at is Queen's Park. Will your lawyers be able to act for the two mortgage companies and link together the conveyances?
Make use of our search tool on this page to ensure that the lawyers are approved by both mortgage companies. On the basis that they are your lawyer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and requirements.
My husband and I are a fortnight into a leasehold purchase having been directed to conveyancers by the high street agent to handle our conveyancing in Queen's Park. I am am starting to be disappointed with the quality of service. Could you you assist me in finding new conveyancers?
They would need to be very poor in order to consider changing them. Has the loan offer been generated? If so you must advise them of the new contact details and ensure the mortgage documents are re-issued. Your conveyancer needs to be on the banks panel to avoid supplemental fees and complications. So that should be your starting point. Our search tool will help you find a lender approved solicitor for your home move in Queen's Park