My flat in Aspley Guise is up for sale and I have a buyer. Does my property lawyer need to be required to be on the TSB conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
My relative suggested that if I am buying in Aspley Guise I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Aspley Guise conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Aspley Guise around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Aspley Guise Education with plans and statistics, Local Amenities and other useful data regarding Aspley Guise.
Are there restrictive covenants that are commonly identified during conveyancing in Aspley Guise?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Aspley Guise. 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 am purchasing a new build house in Aspley Guise with a loan from Yorkshire Building Society. The sellers would not budge the price so I negotiated £7000 of additionals instead. The property agent told me not disclose to my solicitor about this extras as it will affect my mortgage with Yorkshire Building Society. Do I keep my lawyer in the dark?.
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 decided to have a survey done on a house in Aspley Guise in advance of retaining solicitors. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders may refuse to give a loan on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aspley Guise. Conveyancing will be smoother if you use a solicitor in Aspley Guise especially if they are accustomed to such properties in Aspley Guise.