I am due to exchange on the purchase of a property in Costessey but as a result of wreckage from a small fire at the property I have managed to agree reparation from the owner in the sum of £2k taking the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process yet Leeds Building Society are not allowing this. Should they have been notified?
Any property lawyer that is on the Leeds Building Society approved list is required to advise Leeds Building Society of any amendments to the sale price. If you were to refuse your property lawyer to report the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancing practitioner for your conveyancing in Costessey.
Do I need to take out insurance to address the risk of chancel repairs when buying a residence in Costessey?
Unless a prior purchase of the house completed post 12 October 2013 you can take it that conveyancing practitioners handling conveyancing in Costessey to remain recommending a chancel search and or chancel repair liability insurance.
I have justdiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Costessey for a purchase of a leasehold flat 18 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Costessey conveyancing specialists.
I'm purchasing a new build house in Costessey with the aid of help to buy. The builders refused to move on the price so I negotiated 6k of extras instead. The house builders rep told me not disclose to my conveyancer about this deal as it will adversely affect 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.
My father has recommend that I use his lawyers for conveyancing in Costessey. Do I take his guidance?
There are no two ways about it the best way to choose a conveyancing practitioner is to have guidance from friends or family who have actually previously instructed the solicitor that you are contemplating using.