I am obtaining a mortgage with Santander. My intention is to enlist the help of a Licensed Conveyancer in Winscombe. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We were just about to exchange contracts for a semi detached house in Winscombe. We encountered a snag. The loan offer with Nottingham Building Society runs out on 26/8/2025 but the sellers are suggesting a completion date of 28/8/2025. Can one prolong the loan expiry date?
The best person to address this issue is your lawyer who will assess whether they should be discussing with the bank, owner’s solicitors, property agents or indeed all parties based on the history of your house move as of today.
I'm the only recipient of my late grandmother’s estate and I have everything in my name alone, including the house in Winscombe. Conveyancing formalities meant that the Land Registry date was in May. I plan to dispose of the house. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership may be considered the same way as though I had purchased the house in May. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. many banks would take a pragmatic view as this obligation primarily exists to pick up on the purchase and immediately sell or the flipping of properties.
I am expecting a AIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Winscombe solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Winscombe solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
About to purchase apartment in Winscombe. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Winscombe solicitor is on the Nottingham conveyancing panel.
What will a local search inform me about the house we're buying in Winscombe?
Winscombe conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Searchflow The local search plays an important part in many a Winscombe conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
How does the Landlord & Tenant Act 1954 affect my business property in Winscombe and how can you help?
The 1954 Act provides security of tenure to commercial leaseholders, giving them the legal entitlement to apply to court for a new lease and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Winscombe is one of our numerous locations in which the firms we work with are located
Having had my offer accepted I require leasehold conveyancing in Winscombe. Before I get started I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Winscombe - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Winscombe Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
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Who is in charge of the block? You should want to find out as much as possible regarding the company managing the building as they can either make your life much easier or problematic. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to every day matters such as the tidiness of the communal areas. Ask other tenants what they think of their management. Finally, be sure you discover the dates that the maintenance fees are due to the relevant party and specifically how they are spending that money. Generally speaking the outlay for major works are not included within service charges, although some managing agents in Winscombe require leasehold owners to contribute towards a reserve fund and this is used to offset against larger works.