Are there restrictive covenants that are commonly identified as part of conveyancing in Braintree?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Braintree. 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'm purchasing my first flat in Braintree with a loan from Yorkshire Building Society. The builders refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my conveyancer about the extras as it would 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.
Due to the advice of my in-laws I had a survey completed on a property in Braintree ahead of instructing solicitors. I have been informed that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend refuse to issue a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Braintree. Conveyancing will be smoother if you use a solicitor in Braintree especially if they are familiar with such properties in Braintree.
How do I use the search app to get a fee calculation from a conveyancing solicitor in Braintree on the authorised to act for my bank?
Step one is to choose a lender such as Barclays , Chelsea Building Society or Clydesdale then specify your preferred area e.g. Braintree. Conveyancing firms in Braintree and beyond should be identified.
We had our home loan approved yesterday with our lender. We instructed a high street conveyancer in Braintree yesterday. This morning, our mortgage adviser contacted us saying that the bank said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the lender had some control over our choice Is this legal?
You are at liberty to instruct any lawyer you want to use including the said conveyancer in Braintree but if they are not on the your lender's panel you will have to incur an extra fee so the mortgage company can retain their own solicitors as well to protect their interest. It may be conceivable that your preferred conveyancing firm to get included on to the bank panel. You can use online tools including lenderpanel.com to find a conveyancing solcitor in Braintree on the mortgage company panel. You can go into your local bank branch in Braintree. They will know some good conveyancing solicitors in Braintree on the approved list.