Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a garden flat in Leominster. Do I collect the keys to the property on completion from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Leominster?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the seller's conveyancers, and once they have received this, you should be called to collect the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
Please help - my lawyer advises that flying freehold insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Leominster?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Barclays and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
I am the sole beneficiary of my late grandmother’s estate and I have everything in my name now, including the my former home in Leominster. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my property ownership may be treated the same way as though I had purchased the house in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. many mortgage companies would take a sensible view as this requirement chiefly exists to pick up on the purchase and immediately sell or the flipping of property.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Leominster?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Leominster. 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…’
I have been on the look out for a leasehold apartment up to £195,000 and found one close by in Leominster I like with a park and transport links nearby, however it's only got 49 years on the lease. There is not much else in Leominster for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease may be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can request that they start the process of the extension and pass 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 concerning this matter.
What tools are available to identify a Leominster law firm on the Barclays Direct conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the solicitor.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of Leominster conveyancing lawyers located nearest you. We have detailed some Leominster conveyancing firms at the bottom of this page and you can contact them to check if they are on the Barclays Direct approved list
My husband and I are novice buyers - had an offer accepted, yet the selling agent told us that the vendor will only go ahead if we appoint their recommended solicitors as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer accustomed to conveyancing in Leominster
It is improbable the owners are driving this. Should the owner want ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to use your own,trusted Leominster conveyancing solicitors - rather thanthose that will give the estate agent a commission or hit his conveyancing thresholds set by senior management.