Our lawyer has discovered a a problem with the lease for the property we are purchasing in Whitwick. The other side have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that he must check that the bank is willing to move forward with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender provisions have to be complied with.
Is there a reason why leasehold purchase conveyancing in Whitwick is more expensive?
In short, leasehold conveyancing in Whitwick and Leicestershire usually warrants additional hours of investigation compared to freehold transactions. This includes lease investigation, corresponding with the landlord about serving required notices, securing current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
I am helping my mother sell her property in Whitwick. Does the solicitor order an EPC or do I organise this?
Following the abolition of Home Packs, EPC’s was left as a mandatory part of moving property. An energy assessment should be to hand in advance of the property being marketed. It is not a task that conveyancers ordinarily arrange. Where you are using a Whitwick conveyancing practitioner they might be willing to arrange energy performance certificates due to their contacts with reputable local assessors
My partner and I have arranged the release of further monies on our mortgage from Nottingham as we wish to carry out renovations to our house in Whitwick. Are we obliged to appoint a local Whitwick solicitor on the Nottingham conveyancing panel to deal with the legals?
Nottingham would not normally require firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
I have decided to exercise my right to buy my property in Whitwick off the council. I have a mortgage offer with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
A relative recommended that if I am buying in Whitwick I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Whitwick conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Whitwick around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Whitwick Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Whitwick Education with maps and statistics, Local Amenities and other useful information regarding Whitwick.
Due to the encouragement of my in-laws I had a survey completed on a house in Whitwick ahead of retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders will not issue a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Whitwick. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to go with a Whitwick conveyancing practitioner based in the location that I am hoping to buy? An old friend can deal with the conveyancing however his firm is located 400kilometers drive away.
The primary upside of using a high street Whitwick conveyancing firm is that you can pop in to sign paperwork, deliver your ID and pester them if necessary. Having local Whitwick know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that must outweigh using an unknown Whitwick conveyancing solicitor solely due to them being based in the area.