I am buying a semi-detached house in Blyth. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Blyth you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Blyth.
Is it necessary to take out insurance to cover chancel repairs when buying a property in Blyth?
Unless a previous acquisition of the property took place after 12 October 2013 you can take it that solicitors handling conveyancing in Blyth to continue to advocate a chancel search and or chancel repair liability policy.
I am buying a new build house in Blyth with a mortgage from Nottingham Building Society. The sellers would not budge the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not to tell my solicitor about the extras as it will affect my loan with Nottingham Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Blyth is the location of the property. Is there any advice you can impart?
Flying freeholds in Blyth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Blyth you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Blyth 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 property.
Should I use a Blyth conveyancing lawyer who is local to the property I am hoping to buy? We have a good friend who can handle the conveyancing but his firm is located 300kilometers drive away.
The primary upside of using a high street Blyth conveyancing firm is that you can visit the firm to sign paperwork, deliver your ID and pester them if necessary. They will also have local insight which is a bonus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and in the main were impressed that must trump using an unfamiliar Blyth conveyancing solicitor solely due to them being Blyth based.