Are the BSA intent on creating a searchable register to to identify solicitors on the Melton Mowbray Building Society conveyancing panel for example in Soham?
We are not aware of any plans on the part of the BSA to develop such a tool.
I am being advised by my conveyancer that chancel insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Soham?
The appropriate level of chancel indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Chelsea Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
I currently have a mortgage with Santander for my property in Soham. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
You must advise Santander in advance of letting out your property as this is likely to be a breach of Santander’s mortgage conditions. It may be that Santander will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. You need not do this via a Santander conveyancing panel lawyer.
RBS have agreed my mortgage in principle, my offer on a property in Soham has been accepted, what happens next?
The estate agent will need to be informed of your conveyancer's details (make sure the property lawyers are on the bank’s approved list). Call up RBS or the broker and finalise any relevant paperwork. RBS will instruct a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to happen. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. RBS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Soham.
I have been told that property searches are a common cause of delay in Soham conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Soham.
Me and my brother have a semi-detached Victorian house in Soham. Conveyancing practitioner represented me and Barclays . I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching property. Is it worth asking Barclays to clarify?
You should review 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 Soham 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 mortgage companies. You can also check the position with the conveyancing lawyer who completed the work.
About to purchase a new build apartment in Soham. Conveyancing is daunting 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 legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Soham
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Hoping to buy a property located in Soham and I am already nervous. I couldn't find anything specific about Soham. Conveyancing will be needed in due course but do you know about the Soham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Soham. In the meantime here are some basic statistics that we found