We are getting a further advance on our home loan from Virgin Money as we want to conduct renovations to our house in Wiveliscombe. Do we need to choose a high street Wiveliscombe solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money panel.
The mortgage over my property is with TSB for my property in Wiveliscombe. Conveyancing was finalised 12 months ago. Should I wish 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 TSB?
You must advise TSB in advance of letting out your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will permit you to let 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 TSB directly. You need not do this via a TSB conveyancing panel firm.
My offer on a detached house in Wiveliscombe has been agreed to, but there is a chain. The vendors have placed an offer on a property, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have selected a local conveyancing solicitor in Wiveliscombe. What do I do now? At what point do I apply for the mortgage with Aldermore?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then valuation, Wiveliscombe conveyancing search fees, etc). First, you should ensure that your conveyancer is on the Aldermore conveyancing panel. As to the next stages this very much dictated by the specifics of your case, motivation for the property and on the state of the market. In a buoyant market many purchasers would apply for the mortgage with Aldermore and pay for the valuation and only if it was satisfactory would they request their property lawyer to press on with searches.
I have justfound out that Arc property Solicitors have been shut down. They conducted my conveyancing in Wiveliscombe for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wiveliscombe conveyancing specialists.
I am looking for a ground for flat up to £245,000 and identified one round the corner in Wiveliscombe I like with open areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Wiveliscombe suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
How difficult is it to transfer to a new solicitor as I have to choose a firm on the HSBC Bank conveyancing panel. I had appointed a family conveyancing solicitor in Wiveliscombe round the corner but she is not approved by HSBC Bank
We will our best to assist in finding you a conveyancing solicitor in Wiveliscombe on the HSBC Bank panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Wiveliscombe. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Wiveliscombe.
I need to retain a conveyancing solicitor for remortgage conveyancing in Wiveliscombe. I have land on a site which seems to have the ideal offering If it is possible to get all formalities done via phone that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
There are a number of properties in Wiveliscombe on unadopted lanes. My husband and I are buying one such property. What are the pros and cons of buying a house on a privately owned road?
Wiveliscombe conveyancing solicitors will be well versed in dealing homeson unadopted roads. Your lawyer should investigate Land Registry data to find any rights or liabilities. In many cases there is a management company (wholly owned by residents) that owners make annual contributions to maintain the road. If there is one, the road will likely be maintained and appear better than council adopted.