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Find a Carbis Bay Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Carbis Bay? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Carbis Bay home move at risk of delay or failure.

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Recently asked questions about conveyancing in Carbis Bay

The Carbis Bay conveyancing firm handling our Carbis Bay conveyancing has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is in the title deeds. My solicitor has advised that he needs to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach right?

Your solicitor must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

Can you explain why leasehold purchase conveyancing in Carbis Bay is more expensive?

Carbis Bay leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

I own a terraced Edwardian house in Carbis Bay. Conveyancing lawyer acted for me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the matching property. 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 as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Carbis Bay and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing solicitor who conducted the purchase.

I am purchasing a new build house in Carbis Bay with a loan from Barclays Direct. The developers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not to tell my solicitor about the side-deal as it could adversely affect my loan with the lender. 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.

Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Carbis Bay I like with a park and transport links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Carbis Bay in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.

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Neighbouring Locations

St Ives
Carbis Bay
Hayle
Mousehole
Penzance
Marazion
Porthleven

Find out more about how flying freehold can affect your the value of a property.