I am selling my house in Northamptonshire. Will my conveyancing practitioner need to be on the Virgin Money conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money 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 requirements fairly frequently currently.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Northamptonshire?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Northamptonshire. 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…’
How does conveyancing in Northamptonshire differ for new build properties?
Most buyers of new build or newly converted property in Northamptonshire contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Northamptonshire usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Northamptonshire or who has acted in the same development.
I'm converting the mortgage on my current property to a BTL mortgage with Barclays Direct and intend to use the remaining equity as a down payment on further house. The neighborhood we are looking at is Northamptonshire. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our search tool on this site to be sure that the lawyers are on the appropriate lender panels. Having checked that they are the conveyancer will be able to connect the two transactions but you should talk with you solicitor and communicate your expectations and requirements.
As co-executor for the estate of my aunt I am disposing of a residence in Cardiff but I am based in Northamptonshire. My conveyancer (who is 260 kilometers from mehas requested that I execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing solicitor in Northamptonshire to witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are based in Northamptonshire