I am about to complete buying a house in Danescourt but as a consequence of damage from some water damage at the property I have managed to agree reparation from the owner in the sum of £2k by way of a deduction in the price. This was going to be dealt with as part of the conveyancing process yet Lloyds will not agree to this. Why were they informed?
Your lawyer being on the Lloyds conveyancing panel is required to disclose to Lloyds of any variations to the sale price. If you prohibit your conveyancing practitioner to disclose the reduction to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new property lawyer for your conveyancing in Danescourt.
How do I investigate if the solicitor handling my conveyancing in Danescourt is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Accord Mortgages Ltd thus paying £187.00 plus VAT in another set of conveyancing fees.
You should take advantage of the search tool on this site. Pick the lender and type ‘Danescourt’ or your location and you will see numerous solicitors based in Danescourt or by proximity to you.
My wife and I are intent on selling our home in Danescourt and according to the buyers it appears that there is a risk of it being built on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the purchasers are using an internet conveyancing firm as opposed to a conveyancing solicitor in Danescourt. We have lived in Danescourt for six years we know of no issue. Should we contact our local Authority to get clarification need.
It would appear that you have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Me and my brother purchased a 4 bedroom Victorian property in Danescourt. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to read 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 Danescourt 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 purchasers. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
I'm buying my first flat in Danescourt with a mortgage from The Mortgage Works. The builders would not reduce the price so I negotiated 6k of extras instead. The house builders rep suggested that I not inform my conveyancer about this deal as it may adversely affect my loan with the bank. Is this normal?.
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.