I am soon to complete buying a house in Ammanford but as a consequence of damage from the recent storms I have was able negotiate reparation from the owner in the sum of six thousand pounds by way of a reduction in the price. I had intended this to be addressed as part of amending the contract yet UBS will not agree to this. Why were they informed?
Your conveyancer being on the UBS approved list is duty bound to disclose to UBS of any changes to the sale price. If you were to refuse your lawyer to disclose the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new conveyancer for your conveyancing in Ammanford.
I have recentlybecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Ammanford for a purchase of a freehold house 9 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest method to see if the property is registered to you, 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 Ammanford conveyancing specialists.
I am purchasing my first flat in Ammanford with a mortgage from Norwich and Peterborough Building Society. The builders would not budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not to tell my solicitor about the side-deal as it could impact my mortgage with Norwich and Peterborough Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Ammanford I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Ammanford in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My mum and dad cant seem to find their Ammanford land registry title on the site. They have a vague memory sixty years ago when they bought the property there were complications with Ammanford not being recognised in some systems.
Nearly all residences in Ammanford should show up. Have you attempted a search to just the postcode. Normally it will mention all the premises within the postcode. Where recorded it will be there with a title number. If they bought back in the 70’s it's conceivable it may be unregistered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which may be with your parent’s lender.