When it comes to requirements form their solicitors or conveyancers conducting their conveyancing – Leeds Building Society ( Leeds ) set out their legal requirements in via the Council of Mortgage Lenders.
We set out below some of Leeds conveyancing requirements covering both freehold conveyancing and leasehold conveyancing. Of course Leeds’ conveyancing requirements are not limited to conveyancing in Leeds, but across the England and Wales for mortgages that they complete. The information is accurate as at September 2009. Leeds, as is the case with all UK Lenders, change their conveyancing requirements often, so please always consult with your conveyancing lawyer.
Freehold Conveyancing – Leeds BS Requirements ( non comprehensive )
Question 5. 1. 1- Contact point if the seller has owned the property for less than 6 months.
Answer : Mortgage Lending Department. Require confirmation of seller’s date of original purchase and price paid. For remortgages Leeds also require confirmation that property is
currently owned by the applicant. The address for the Mortgage Lending Department is PO Box 337, Leeds, LS1 5PR DX 12299 Leeds 1.
Question 5. 2. 5. 1- Do you accept personal searches?
Answer : Yes
Question : 5. 2. 5. 2- Do you accept search insurance, if so what are your requirements?
Answer : Yes, at your (i.e. the conveyancing lawyers ) risk and provided you are satisfied that
our interests are safeguarded.
Leasehold Conveyancing – Leeds BS Requirements ( non comprehensive )
Question 5. 5. 1- Do you lend on flying freeholds?
Answer : No, but if a small part of the Property is affected this may be acceptable – refer to Leeds Mortgage Lending Department.
Question 5. 10. 1- What minimum unexpired lease term do
Answer : Mortgage term plus 40 years.
Question : 5. 15- Contact point for lending on affordable housing, shared equity and shared ownership and where relevant your requirements.
Answer : If this is a shared ownership mortgage, you will need to comply with the Society’s shared ownership requirements.
If the property is being purchased through a shared equity / affordable housing scheme which has been approved by Leeds BS, the Society’s requirements in relation to such schemes must be complied with.
The requirements for both shared ownership and approved shared equity / affordable housing schemes are available on the Society’s website at the following address www.leedsbuildingsociety.co.uk/solicitors/index.htm
Conveyancing in Leeds
As mentioned above Leeds’ conveyancing requirements are not limited to conveyancing in Leeds but across the England and Wales for mortgages that they complete. If you do require conveyancing in Leeds regardless of your lender we would be happy to act for you. Our Leeds Conveyancing Services are provided by experienced Leeds Conveyancing Team at Fridaysmove who deal with properties in all areas of Leeds and the surrounding area on a daily basis. We provide a full online conveyancing in Leeds with full offline support and direct telephone contact with the Leeds Conveyancing Team dealing with your Leeds Conveyancing transaction, be it sale or purchase conveyancing.