IfI was to buy a simple residential homein Burnopfield mortgage fee and dispense with a survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Burnopfield?
Any savings you would gain would be limited to the disbursement for searches. A solicitor is obliged to do the vast majority of work - money laundering, correspond with your sellers conveyancer, SDLT return, register the property etc. A slight saving might be made by not needing to register a charge however it will not be meaningful.
Just acquired a semi-detached house in Burnopfield , What is the estimated time for the Land Registry to register my ownership? My Burnopfield conveyancing solicitor has been very slow, so I want to check the registration is concluded.
As far as conveyancing in Burnopfield is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and if the Land registry communicate with any third parties. At present approximately three quarters of such applications are completed in less than three weeks but some can be subject to longer hold-ups. Historically registration takes place after the purchaser has moved in to the property therefore an expedited registration is not always top priority but where it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
I am buying my first flat in Burnopfield with a loan from Santander. The builders refused to budge the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my conveyancer about this deal as it could adversely affect my mortgage with Santander. Should I keep quiet?.
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 property in Burnopfield in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may not give a loan on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burnopfield. Conveyancing may be slightly more expensive based on your lender's requirements.
We are in the midst of a leasehold sale of a flat in Burnopfield. Conveyancing is fine but we have been asked to pay an extortionate amount by the freeholder. To date we have paid £237 for a leasehold management information and then a further £117.20 for supplemental queries raised by the purchaser's lawyer.
Neither you or your solicitor will have any impact over the extent of the charges for this information but the average costs for the information for Burnopfield leasehold premises is £395. When it comes to Burnopfield conveyancing transactions it is conventional for the vendor to cover the costs. The freeholder or their agents are under no legal obligation to address these questions although many will be willing to do so - albeit often at high prices where the fees bear little relation to the work involved. Regretfully there is no statute that mandates capped fees for administrative tasks. Neither is there any set time limit by which they are duty bound to supply answers.