A relative informed me that in buying a property in Cottingham there could be various restrictions preventing external alterations to the property. Is this right?
We are aware of anumerous of properties in Cottingham which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Cottingham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Cottingham conveyancing solicitors on the Santander conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many banks do permit licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
About to purchase apartment in Cottingham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cottingham conveyancing practitioner is on the Nationwide conveyancing panel.
Should my conveyancer be asking questions regarding flooding as part of the conveyancing in Cottingham.
Flooding is a growing risk for conveyancers conducting conveyancing in Cottingham. There are those who purchase a house in Cottingham, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, but there are a number of searches that can be undertaken by the purchaser or by their lawyers which should give them a better appreciation of the risks in Cottingham. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to find out whether the property has ever been flooded. In the event that the premises has been flooded in past which is not disclosed by the vendor, then a purchaser may issue a compensation claim as a result of such an misleading answer. The purchaser’s lawyers will also commission an enviro search. This should higlight whether there is a recorded flood risk. If so, additional inquiries will need to be made.
I am purchasing my first flat in Cottingham with the aid of help to buy. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The property agent advised me not inform my conveyancer about this deal as it could adversely affect my mortgage with Yorkshire Building Society. Do I keep my lawyer in the dark?.
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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Cottingham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cottingham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cottingham you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cottingham 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 premises.
We are soon to acquiring a apartment in Cottingham. Conveyancing is not yet done but we wish to keep the amount we are are purchasing for a secret from the likes of Rightmove. How do I ensure this is not disclosed?
The Land Registry are legally required to note price paid data on a register of the title for domestic properties countrywide including properties in Cottingham. The register of ownership is an open document, so HMLR would be breaking the law if they failed to allow access to the register.
In essence you can ask the Land Registry to withhold the amount paid entry however the answer will be a No.