I can't travel far from Spalding. I would like to know the understand why all Spalding solicitors aren't automatically on all mortgage company panels?
As unjust as it may seem for banks to limit who can represent them, from the public’s or solicitor’s standpoint, the flip side is that mortgage companies are becoming ever more anxious and consider it essential to protect them against mortgage fraud. As a consequence of this concern lenders have consolidated their panel of approved conveyancing lawyers to a manageable size.
A relative suggested that if I am purchasing in Spalding I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Spalding conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Spalding around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Spalding Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Spalding.
I have justdiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Spalding for a purchase of a freehold house 9 months ago. How can I check that my home is in my name in the name of the previous owner?
The quickest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Spalding conveyancing specialists.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Spalding I like with a park and station nearby, however it's only got 52 years on the lease. I can't really find anything else in Spalding suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years 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 and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
What does commercial conveyancing in Spalding cover?
Commercial conveyancing in Spalding covers a broad range of guidance, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My offer on semi in Spalding was accepted, but there is a chain. The vendors have submitted an offer on a flat, but it’s not yet agreed to, and has viewings of other apartments booked. I have selected a local conveyancing lawyer in Spalding. What should be my next step? At what stage do I apply for the mortgage with Virgin Money?
It is usual to have apprehensions where there is an associated chain as you are unlikely to want to incur costs too early (mortgage application is approx one thousand pounds, then valuation, Spalding conveyancing search fees, etc). First, you must ensure that your conveyancer is on the Virgin Money conveyancing panel. Regarding the next steps this very much depends on the circumstances of your case, desire for the property and on the state of the market. During a hot market many purchasers will apply for the mortgage with Virgin Money and pay for the survey and only if it comes back ok would they ask their lawyer to proceed with the conveyancing in Spalding.