Do conveyancers ask for money on account when it comes to conveyancing in Cleobury Mortimer?
If you are buying a property in Cleobury Mortimer your solicitor will request that you to provide them with funds to cover the the cost of the conveyancing searches. Generally this is asked for to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this will be required immediately prior to exchange of contracts. The final balance that is needed should be transferred shortly before completion.
About to place a bid on a leasehold flat in Cleobury Mortimer. The selling agents assure me that it is normal for flats in Cleobury Mortimer to have less than 75 years left on the lease. I am getting a loan with Platform. Is this going to be a problem if the lease has 69 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/4/2024 the requirements read as follows :
Does a directory service exist listing Barclays panel solicitors in Cleobury Mortimer on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association sites. A small selection of banks make their panel listings available over the internet. If you are looking for a Cleobury Mortimer conveyancing practitioner on the Barclays please use our facility.
Two weeks ago we had a mortgage agreed in principle with Principality. Cleobury Mortimer conveyancing practitioners are chosen. How long does it take for Principality to forward the offer to the conveyancing practitioner?
There is no definitive answer here. Have Principality conducted the survey? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Cleobury Mortimer solicitor - who is on the Coventry BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Cleobury Mortimer postcode. As you are getting a mortgage with Coventry BS, you could contact them to see if they have a list of approved surveyors in Cleobury Mortimer.
I'm purchasing a new build house in Cleobury Mortimer with the aid of help to buy. The developers would not move on the amount so I negotiated 6k of extras instead. The property agent suggested that I not disclose to my lawyer about the side-deal as it may impact my mortgage with Barclays . 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.
I am an executor of my recently deceased aunt’s Will, with a property in Cleobury Mortimer which is to be sold. The house has never been registered at the Land Registry and I'm advised that many EAs will insist that it is done before they'll move forward. What's the procedure for this?
In the situation that you have set out it seems advisable to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.