My colleague advised me that if I am purchasing in Bestwood I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Bestwood conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Bestwood around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bestwood Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Bestwood Education with maps and statistics, Local Amenities and other useful information about Bestwood.
Have purchased a a terraced house in Bestwood , What is the estimated time for the Land Registry to register my ownership? My Bestwood conveyancing solicitor has been painfully slow, so I want to be certain that my name is registered.
As far as conveyancing in Bestwood is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can vary depending on who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. Currently in the region of three quarters of submission are fully addressed in less than three weeks but some can be subject to extensive delays. Historically registration occurs after the new owner is living at the property so 'speed' is not usually an essential issue but where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I am purchasing a new build house in Bestwood benefiting from help to buy. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not to tell my lawyer about the deal as it may affect my mortgage with the lender. 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'm converting the mortgage on my existing property to a buy to let loan with TSB and intend to use the remaining equity towards another property. The location we are interested in is Bestwood. Will your conveyancers be able to act for both sets of banks and tie in the two deals?
Make use of our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. On the basis that they are your conveyancer will be able to simultaneously deal with the two deals but you should talk with you conveyancer and specify your expectations and requirements.
What is the reason for new build conveyancing in Bestwood being more expensive?
Conveyancing in Bestwood for recently converted or new build properties usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further investigations and contractual considerations.