We're in Seaton Delaval, First timers buying with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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 probate house at auction in Seaton Delaval. Conveyancing is needed. What is next?
Having exchanged you must appoint a conveyancing practitioner as a matter of urgency as you now have a tight a fixed date to complete the transaction. All auction property should have a bespoke auction pack. This should include evidence of title and search results. Where you are dealing with leasehold property the conveyancing pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are in place to complete on the on the contractual date .
I am due to exchange contracts on my house. I had a double glazing fitted in April 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Skipton are being difficult. The Seaton Delaval solicitor who is on the Skipton conveyancing panel is recommending indemnity insurance as a solution but Skipton are requiring a building regulation certificate. Why do Skipton have a conveyancing panel if they don't accept advice from them?
It is probably the case that Skipton have referred the matter to their valuer. The reason why Skipton may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Intending to buy a flat in Seaton Delaval. 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 Nationwide 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 Seaton Delaval solicitor is on the Nationwide conveyancing panel.
What will a local search inform me regarding the property my wife and I buying in Seaton Delaval?
Seaton Delaval conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Searchflow The local search is essential in every Seaton Delaval conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I have a semi-detached Georgian property in Seaton Delaval. Conveyancing practitioner acted for me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Coventry Building Society to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Seaton Delaval and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who conducted the conveyancing.
Due to the encouragement of my in-laws I had a survey completed on a house in Seaton Delaval before retaining conveyancers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders will not give a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Seaton Delaval. Conveyancing will be smoother if you use a solicitor in Seaton Delaval especially if they regularly deal with such properties in Seaton Delaval.
I am purchasing a garden apartment in Seaton Delaval. Conveyancing lawyer has been awaiting, from the seller, building insurance paperwork. This afternoon I was advised that the seller needs to send the insurance documents for the flat above in addition. Why would my solicitor want to see the insurance for the flat above? Is it strictly necessary? We have been stalled for the previous fortnight…
It is not unheard of in leasehold conveyancing in Seaton Delaval to discover Conveyancing in Seaton Delaval in a minority of cases reveals that the lease requires the leasehold owners to insure their individual flats rather than the freeholder insuring the entire building - which is clearly preferable. You should contact your lawyer but it would seem that your conveyancing practitioner is seeking to establish that the entire building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated as a result of lack of insurance.