I have given 2 months notice to my current landlord and must leave my rented property in Surrey Quays by the end of next month. Conveyancing on my purchase is underway. Can I complete in six weeks as don't want to have to move into temporary accommodation?
The normal practice is not to serve notice for your tenancy until you have exchanged. Assuming that you have not already done so, speak to your conveyancer and ask them to they chase the owners solicitors, try to an acceptable time-line that everyone will work to achieve
Are the Surrey Quays conveyancing solicitors identified as being on the Nottingham conveyancing panel, together with their details provided by Nottingham?
Surrey Quays conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
My solicitor has informed me that flying freehold insurance is required on my purchase. What is the level of cover for Surrey Quays conveyancing?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
is it true that all Surrey Quays solicitors on the UBS conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the UBS approved list of solicitors they would need to be regulated by the SRA. The majority of lenders do allow licenced conveyancers on their panel and in such a situation the firms would be regulated by the Council of Licensed Conveyancers.
I have a mortgage with Santander for my property in Surrey Quays. Conveyancing was finalised 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 buy-to-let mortgage or inform Santander?
You must advise Santander in advance of renting your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 firm.
I decided to have a survey completed on a property in Surrey Quays before retaining lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to give a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Surrey Quays. Conveyancing will be smoother if you use a solicitor in Surrey Quays especially if they are acquainted with such properties in Surrey Quays.
Do I need to be wary that 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a local Surrey Quays conveyancing company?
As with lots of service providers, often suggestions from family and friends can be extremely useful or valuable. But there are lots of people with a vested interest in a conveyancing deal; estate agents, financial adviser and mortgage companies may recommend conveyancers to instruct. Sometimes these lawyers might be known to one of the organisations as being good in their field, but occasionally there exists a commercial relationship behind the endorsement. You have the discretion to select your preferred lawyer. Don't forget that some mortgage providers operate an approved list of solicitors you are obliged to use for the mortgage related work in your house move.
What is the difference between surveying and conveyancing in Surrey Quays?
Conveyancing - in Surrey Quays or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the seller to remedy the defects prior to you complete your move.