I am buying my first flat in Beeston with a mortgage from Skipton Building Society. The developers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my lawyer about the side-deal as it would impact my loan with Skipton Building Society. Should I keep quiet?.
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've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, no chain conveyancing. Beeston is where the house is located. Is there any advice you can impart?
Flying freeholds in Beeston are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Beeston you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Beeston may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I was pointed in your direction by a number of estate agents in Beeston to select a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to offer your services over and above a competitor’s?
We don’t make any commission for sending work our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to instruct a conveyancing lawyer in Beeston for my home move. Is there any facility to review a firm’s complaints history with the legal regulator?
You may find documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training requirements.
Been looking for a property lawyer for leasehold sale conveyancing in Beeston. I'm selling, simple no mortgage to redeem, no hurry, currently vacant. Had a quote from a lawyer for £1000 including VAT which is a little expensive given that its so straightforward. Can I pay less for conveyancing in Beeston?
Given that it’s a sale only, £500 + VAT would be about the best for sale conveyancing in Beeston.