Is your panel of solicitors able to move fast on auction conveyancing in Swadlincote?
We deal with auctions throughout the UK and do frequently work for auction buyers and sellers. It is very important buyers at auction to get their chosen property conveyancing lawyer as soon as possible for a detailed investigation of the auction pack prior to the property auction. Following the property auction date, the lawyer will be able to concentrate on finalise the legal side of things in under 28 days as typically required by the terms of sale.
If I am purchasing a home close to a glebe in Swadlincote, will we need to get a chancel liability search?
Owners of property in Swadlincote may be subject to chancel repair liability. Several sources are used to determine liability in Swadlincote, including parish records. Church lands in the area include Emmanuel.
What do I provide to the solicitor on my house sale?
The list of documents required is quite simple, but will be required at different stages of the process (but ideally any forms should be completed and returned on the day of receipt and preferably delivered by hand or email).
- Proof of id
- Title deeds (if you have them; they might be lodged with the solicitor who handled the purchase of the property you are selling, or the mortgage company)
- Fixtures and Fittings Form (TA10)
- Property Information Form (TA6) – information on boundaries, disputes and complaints with neighbours, notices and proposals, alterations and planning consents, building regulations, electricity and gas certificates, guarantees and warranties, insurance, environmental matters affecting the property, rights and informal arrangements, parking, other charges, services, connection to utilities and services, and transaction information
- Copies of documents referenced in the PIF
- Leasehold or shared freehold documents
- Management Information Pack
- Energy Performance Certificate
Providing all this documentation as quickly as possible, as well as responding to arising questions throughout the conveyancing within a couple of hours will help to speed the conclusion of your transaction up considerably.
To complete on our property purchase ASAP, how do we organise a fast conveyancing process in Swadlincote?
Finding a communicative solicitor is key a fast conveyancing transaction. That said, there are numerous tasks you, as the buyer, could do to get moving sooner, including, requesting regular updates from your solicitor and keep the pressure on, responding to your solicitor by phone, fax or email wherever possible and confirming your mortgage offer.
Should I get my short lease extended before selling?
Buyers are becoming increasingly wary of buying leaseholds with less than 90 years to run because, first, the cost of increasing a leasehold is becoming far more expensive, and, second, mortgage companies are becoming increasingly reticent to lend money to buy leases that have dropped below the 80-year mark (indeed, this will be one of the criteria that they set to ensure their investment is protected).
As a result, buyers will often insist that the leasehold be extended back up to the 99-year or 125-year typical thresholds before going ahead and buying it. So, as the current leaseholder, you will almost certainly be expected to do the legal work required to extend the lease to a level that buyers will be happy with.
How many lenders in Swadlincote do you work with?
We can work with the majority of lenders providing financing to Swadlincote purchasers. Lenders and mortgage specialists in Swadlincote include J P W Solutions, 12 Falconside Drive, Derby, DE21 7TQ, Mortgage Property Centre, 59 Derby Rd, Long Eaton, Nottingham, NG10 1LU, and Market Street Mortgages Ltd, Lombard House/Cross Keys, Lichfield, WS13 6DN.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.