Can you explain why leasehold purchase conveyancing in Whitwick costs more?
Whitwick leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am helping my sister sell her flat in Whitwick. Will the conveyancing solicitor arrange the EPC or do I organise this?
After the demise of HIPs, EPC’s was maintained a mandatory element of selling a property. An EPC needs to be commissioned prior to the property being placed on the market. It is not a task that law firms ordinarily arrange. Where you are using a Whitwick conveyancing solicitor they might help arrange EPC’s due to their relationships with reputable Whitwick assessors
We have agreed to purchase a house in Whitwick. An unusual aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Santander your lawyer must check the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Santander. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Santander where a lease does not satisfy these requirements. The requirements relate to the installation of panels on properties countrywide and is not limited to Whitwick.
I have a mortgage with Coventry BS for my property in Whitwick. Conveyancing has been completed some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
Your original mortgage agreement with Coventry BS will provide that you need their approval in advance of renting your property as this is likely to be a breach of Coventry BS’s mortgage conditions. It may be that Coventry BS 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 Coventry BS directly. You need not do this via a Coventry BS conveyancing panel solicitor.
How does conveyancing in Whitwick differ for newly converted properties?
Most buyers of new build residence in Whitwick come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Whitwick typically 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 accustomed to new build conveyancing in Whitwick or who has acted in the same development.
How do I use the search tool to choose a conveyancing practitioner in Whitwick on the panel for my bank?
First pick a lender such as Nationwide Building Society, Coventry Building Society or Britannia then choose your location for example Whitwick. Conveyancing organisations in Whitwick and beyond will then be listed.
I need to find a conveyancing solicitor for freehold conveyancing in Whitwick. I've chance upon a site which looks to be the perfect solution If it is possible to get all the legals completed via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
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?