I require quick conveyancing in Bristol as I am under pressure to sign on the dotted line inside 4 weeks. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to have searches conducted although no law firm would advise that you don't. With lots of history conveyancing in Bristol the following are examples of what can appear and therefore impact future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I'm purchasing my first flat in Bristol with a loan from Halifax. The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not to tell my lawyer about this extras as it could impact my mortgage with the bank. Is this normal?.
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 guidance of my in-laws I had a survey completed on a house in Bristol in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks will not grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bristol. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I go with a Bristol conveyancing practitioner in close proximity to the house I am hoping to buy? An old friend can perform the legal formalities but they are based 300kilometers away.
The benefit of a local Bristol conveyancing firm is that you can visit the firm to execute paperwork, deliver your identification documents and pester them if necessary. They will also have local knowledge which is a benefit. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and they were happy that must outweigh using an unfamiliar Bristol conveyancing lawyer just because they are local.
Our conveyancing in Bristol is set to complete next Friday, however the sellers I am purchasing from wants to vacate on the Saturday midday. Should I accept such a plan?
It is not possible to complete on a Saturday because the bank systems aren't operating.