I need some quick conveyancing in Burry Port as I have pressure to sign on the dotted line within one month. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash buyer you are at free not to have searches carried out although no solicitor would advise that you don't. With lots of history conveyancing in Burry Port the following are instances of issues that can arise and adversely affect market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
I own a 4 bedroom Edwardian house in Burry Port. Conveyancing practitioner represented me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burry Port and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing lawyer who conducted the work.
I'm purchasing my first flat in Burry Port benefiting from help to buy. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about the deal as it may put at risk my loan with the bank. Is this normal?.
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 property I have offered on last month in what should have been a quick, chain free conveyancing. Burry Port is the location of the property. Can you offer any opinion?
Flying freeholds in Burry Port are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burry Port you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burry Port 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.
Am I better off to use a Burry Port conveyancing solicitor based in the vicinity that I am buying? An old friend can deal with the legal work but his firm is located 200miles away.
The primary upside of using a high street Burry Port conveyancing practice is that you can attend the office to sign paperwork, hand in your ID and apply pressure on them where appropriate. Having local Burry Port know how is a plus. That being said 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 content that must outweigh using an unfamiliar Burry Port conveyancing lawyer just because they are Burry Port based.