Me and my partner are about to exchange buying a house in Cottesmore but as a result of wreckage from some water damage at the property I have was able negotiate reparation from the vendor in the sum of £2k in the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process however Santander are not allowing this. Should they have been involved?
Any lawyer that is on the Santander conveyancing panel is obliged to advise Santander of any amendments to the sale price. If you prohibit your property lawyer to disclose the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new lawyer for your conveyancing in Cottesmore.
Why do I have to pay up front when it comes to conveyancing in Cottesmore?
If you are buying a property in Cottesmore your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the purchase price then this should be needed immediately prior to exchange of contracts. The final balance that is due should be transferred shortly before completion.
My friend recommended that if I am buying in Cottesmore I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Cottesmore conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Cottesmore around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Cottesmore Education with maps and statistics, Local Amenities and other useful information about Cottesmore.
Me and my brother have a semi-detached Georgian house in Cottesmore. Conveyancing solicitor acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cottesmore and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.
I need to find a conveyancing solicitor for sale conveyancing in Cottesmore. I've land on a site which seems to have the perfect solution If it is possible to get all formalities done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?