My wife and I are intent on purchasing property in Barton Seagrave. My Solicitor is not on the bank solicitor list. Am I still permitted to use my Barton Seagrave conveyancing solicitor even though they are excluded from the lender panel?

You must use a lawyer to complete the formalities when you need a mortgage to purchase your property. They will conduct all the relevant investigations on the property, ensuring that you will be properly registered as the owner and ensure that all the required mortgage paperwork is in order. You may appoint a Barton Seagrave property lawyer of your choosing. Nevertheless, if the conveyancer appointed is not on the bank approved list additional charges will be incurred as separate legal representation will be need by the mortgage company. Bank panel applications may be submitted, so if your lawyer has not previously sought membership they should take the chance to apply.

I just bought a flat at auction in Barton Seagrave. Conveyancing is necessary. What are my next steps?

Having legally committed yourself to purchase you will need to appoint a conveyancing solicitor soon as you will have a tight a drop dead date to complete the deal. Every auction property will ordinarily have an associated legal set of papers. This should include most,if not all of the paperwork that your conveyancer requires. Where you are dealing with leasehold premises the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should give this to the conveyancer working for you at the earliest opportunity. Do make sure that your finances are in place to complete on the on the contractual date .

My wife and I buying a 4 bedroom semi-detached house in Barton Seagrave. The intention is to carry out an extension to the side at the house.Will the conveyancing process involve checks to ascertain if these works are prohibited?

Your conveyancer should check the deeds as conveyancing in Barton Seagrave can on occasion identify restrictions in the title documents which restrict certain alterations or require the consent of a 3rd party. Some works call for local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these things with a surveyor ahead of any purchase.

The mortgage over my property is with Principality for my property in Barton Seagrave. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?

Principality must be informed of your intention prior to renting your property as this is likely to be a breach of Principality’s mortgage conditions. It may be that Principality will allow you to rent 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 Principality directly. You need not do this via a Principality conveyancing panel lawyer.

I have been told that property searches are the number one reason for hinderance in Barton Seagrave conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Barton Seagrave.

I have been on the look out for a leasehold apartment up to £245,000 and found one close by in Barton Seagrave I like with amenity areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Barton Seagrave suitable, so just wondered if I would be making a mistake purchasing a short lease?

If you require a home loan the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can 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 current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.

Being a leasehold owner I am liable for a maintenance contribution for my flat in Barton Seagrave. As a result of personal circumstances I slipped into arrears with remittance. I negotiated a clearance plan but there remains about £3000 outstanding as of today.

I now wish to sell and I am nervous that this could hold me back if I have to settle the arrears first. I'd like to sell up and subsequently repay the debt from the completion monies - is this possible?

The property lawyer undertaking your Barton Seagrave sale should be able to negotiate with the appropriate parties, and agree with them whether or not they would accept settlement from completion monies. Here is an example of why it is sensible to instruct a lawyer in Barton Seagrave as they may well enjoy an established relationship with the parties.