I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Street. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 31/3/2025, the requirements read as follows :
I just bought a flat at auction in Street. Conveyancing is required. What is next?
Given that you are now exchanged you will need to find a conveyancing practitioner quickly as you are facing a fast approaching a fixed date to complete the deal. All auction property should have a bespoke auction pack. This will include evidence of title and search results. If you have purchased leasehold property the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to give this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in place to complete the transaction on the set completion date.
We had instructed conveyancing lawyers based in Street on the Virgin Money solicitor approved list. They have just invoiced me a separate fee for dealing with the Virgin Money mortgage. Is this a supplemental conveyancing fee set by Virgin Money?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your lawyer may levy a fee for this. The charge is not set by Virgin Money but by your Street lawyer. Plenty of firms on the Virgin Money panel will levy ’dealing with mortgage’ fee but plenty of firms incorporate it on their overall fee.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Street lawyer on the Principality panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
I need some expedited conveyancing in Street as I am under a deadline to sign on the dotted line within 2 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at free not to do searches although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Street the following are instances of issues that can show up and therefore impact market value: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...
I'm purchasing my first flat in Street with a loan from Nottingham Building Society. The builders would not move on the price so I negotiated 6k of additionals instead. The estate agent told me not inform my conveyancer about this extras as it could adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my father I am selling a house in Cardiff but I am based in Street. My lawyer (who is 300 miles from mehas requested that I execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in Street who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Street based
I want to let out my leasehold apartment in Street. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
A small minority of properties in Street do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I inherited a 1st floor flat in Street, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Street with over 90 years remaining are worth £176,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2105
With 80 years unexpired the likely cost is going to be between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.