I had a mortgage agreed in principle with Principality. Beaminster conveyancing lawyers have been appointed. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality done the survey? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Beaminster. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?
As your lender is Santander your lawyer must check the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Santander where a lease does not meet these requirements. The specifications relate to the installation of panels on properties nationwide and is not limited to Beaminster.
My offer on a detached house in Beaminster has been agreed to, the sellers do however have an associated purchase. The vendors have placed an offer on a flat, however it’s not yet tied up, and are looking at other apartments in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Beaminster. What do I do now? At what stage do I apply for the mortgage with Bank of Ireland?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Beaminster conveyancing search costs, etc). First, you should check that your lawyer is on the Bank of Ireland approved list. Concerning the next stages this very much dictated by the circumstances of your case, desire for this property and on the state of the market. In a buoyant market the majority of home buyers would apply for the mortgage with Bank of Ireland and pay for the valuation and only if it comes back ok would they request their lawyer to press on with the conveyancing in Beaminster.
I require fast conveyancing in Beaminster as I am faced with a deadline to exchange contracts inside one month. A mortgage is not required. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to do searches although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Beaminster the following are examples of issues that can arise and therefore affect market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Beaminster for a purchase of a leasehold flat 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Beaminster conveyancing specialists.
How does conveyancing in Beaminster differ for new build properties?
Most buyers of new build or newly converted property in Beaminster contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Beaminster typically acquire the land, 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 conveyancing solicitors 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 Beaminster or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Beaminster is where the house is located. What do you suggest?
Flying freeholds in Beaminster are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Beaminster you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Beaminster 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.