We're in Thorpe St Andrew, FTBs buying with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer 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.
I am assisting my mother sell her house in Thorpe St Andrew. Will the conveyancing solicitor order an EPC or should I organise this?
After the demise of Home Information Packs, energy assessments was maintained a compulsory component of selling a property. An energy performance certificate must be to hand before the property is placed on the market. It is not as aspect of the sale process that solicitors ordinarily organise. Where you are instructing a Thorpe St Andrew conveyancing practitioner they might help arrange EPC’s given their contacts with long established local providers
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Thorpe St Andrew property lawyer on the TSB panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB 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 TSB mortgage from the register. TSB, 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 TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
After much negotiation I have agreed a price on an apartment in Thorpe St Andrew. My financial adviser suggested a lawyer. I paid an upfront payment of £200. A few days later, the solicitor called me sheepishly admitting that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My relative suggested that where I am buying in Thorpe St Andrew I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Thorpe St Andrew conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Thorpe St Andrew around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Thorpe St Andrew Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Thorpe St Andrew Education with plans and statistics, Local Amenities and other useful data about Thorpe St Andrew.
I'm buying my first flat in Thorpe St Andrew with a loan from Chelsea Building Society. The developers would not reduce the amount so I negotiated 6k of extras instead. The estate agent suggested that I not inform my solicitor about this deal as it would jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I am looking for a flat up to £305k and found one close by in Thorpe St Andrew I like with open areas and railway links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Thorpe St Andrew for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I am buying a garden apartment in Thorpe St Andrew. Conveyancing solicitor is waiting for, from the seller, building insurance documents. This morning I was advised that the owner must forward the insurance schedule for the flat above in addition. Why would my conveyancing practitioner want to check the insurance for the other flat? Is it really necessary? We have been waiting for the previous fortnight…
It is not impossible in leasehold conveyancing in Thorpe St Andrew to discover Conveyancing in Thorpe St Andrew in a minority of cases reveals that the lease requires the leasehold owners to insure their individual flats as opposed to the landlord insuring the whole property - which is clearly preferable. You should check with your conveyancer but it would seem that your conveyancer is looking to verify that the whole building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated as a result of lack of insurance cover.