Can you explain why leasehold purchase conveyancing in Battersea is more expensive?
The conveyancing fees on a leasehold premises in Battersea is inevitably higher as compared to a freehold acquisition or disposal. This is because there is an amount of additional investigations required in dealing with the freeholder and managing agents to obtain evidence concerning whether the rent and maintenance fee have been paid and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
My house in Battersea is up for sale and I have a buyer. Does my lawyer have to be on the Kent Reliance conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
I just acquired a property at auction in Battersea. Conveyancing is necessary. What is next?
Having to in every practical sense signed on the dotted line you will need to instruct a conveyancing practitioner soon as you are faced with a pending a fixed date to complete the purchase. All auction property will have a bespoke auction pack. This should include evidence of title and search results. If you have purchased leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You need to give this to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are in order to complete on the date specified in the contract.
Can you point me to a directory of Nationwide panel solicitors in Battersea on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings visible online. Where you are in need of a Battersea solicitor on the Nationwide please make the most of our tool.
At last I have had an offer on a maisonette in Battersea agreed to, but there is a chain. The vendors have placed an offer on a property, however it’s not yet agreed to, and are looking at other flats in the pipeline. I have selected a local conveyancing solicitor in Battersea. What do I do now? When do I get the mortgage application with Co-operative going?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then valuation, Battersea conveyancing search charges, etc). The first thing to do is ensure that your lawyer is on the Co-operative approved list. Regarding the next steps this very much depends on the uniqueness of your case, desire for this property and on the state of the market. During a hot market some home buyers will apply for a home loan with Co-operative and arrange for the valuation and only if it comes back ok would they pay their lawyer to proceed with searches.
What will a local search tell me regarding the house I am buying in Battersea?
Battersea conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example Onsearch The local search plays a central part in most Battersea conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications applicable 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 13 topic headings.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Battersea is where the house is located. Is there any guidance you can impart?
Flying freeholds in Battersea are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Battersea you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Battersea may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.