Me and my partner are due to complete buying a house in Burnham but as a consequence of wreckage from the recent storms I have was able negotiate compensation from the current proprietors in the sum of £2k in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but Aldermore are not allowing this. Why were they notified?
Your solicitor that is on the Aldermore conveyancing panel is required to disclose to Aldermore of any amendments to the sale price. If you were to refuse your conveyancer to disclose the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new solicitor for your conveyancing in Burnham.
We are downsizing from our home in Burnham and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street Burnham conveyancer would know this is not the case. It does beg the question why the purchasers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Burnham. We have lived in Burnham for six years we know that this is a non issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I'm buying a new build house in Burnham with a loan from Alliance & Leicester . The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not to tell my solicitor about the deal as it will put at risk my mortgage with the bank. 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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Burnham is the location of the property. Can you offer any opinion?
Flying freeholds in Burnham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burnham you would need to get your solicitor to go 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 Burnham 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 premises.
How do I use the search app to find a conveyancing solicitor in Burnham on the approved list for my bank?
Step one is to select a bank such as Santander, The Mortgage Works or TSB then specify your preferred area for example Burnham. Conveyancing organisations in Burnham and beyond should be identified.