Do I find a Licenced Conveyancer or Solicitor for conveyancing in Lunt?
Two types of professional can conduct conveyancing in Lunt namely licenced conveyancers or solicitors. Both professionals handle the legal services that you need to complete the sale or acquisition of property. They are both required to conduct Lunt conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that all necessary steps will be accurately taken.
I have decided to exercise my right to buy my property in Lunt off the council. I have a mortgage offer with Aldermore. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Lunt solicitor - who is on the Kent Reliance conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Lunt surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Are there restrictive covenants that are commonly picked up during conveyancing in Lunt?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Lunt. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Lunt I like with amenity areas and transport links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Lunt suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the 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 may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
My husband and I are 14 days into a leasehold purchase having been recommend to conveyancers by the estate agent to carry out the conveyancing in Lunt. I am am extremely frustrated with the quality of service. Could you help me find new conveyancers?
They would need to be really poor in order to consider diss instructing them. Has the mortgage offer been issued? In the event that it has you will need to make them aware of the new contact details and get the loan are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company panel to avoid escalating costs and complications. So that should be your starting point. Our find a solicitor tool will help you find a lender approved conveyancer for your home move in Lunt
One month into purchasing a property in Lunt. Conveyancing solicitor has told us the property is "Leasehold". Will this likely impact our Natwest valuation?
Lunt conveyancing does not in most situations involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it’s unlikely to affect the marketability too much.
On the flip side, if it's, say, 50 years it will have a material effect on the saleability, and probably wouldn't be acceptable to the bank. The length of lease and ground rent will be specified in the lease provided to your conveyancer.