We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to instruct a Gamlingay based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers if you want the "fee-free" incentive. Speak to the mortgage company to determine if they offer you a cash alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Gamlingay.
I have justdiscovered that Wolstenholmes have closed. They carried out my conveyancing in Gamlingay for a purchase of a freehold house 10 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest method to see 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 Gamlingay conveyancing specialists.
I'm purchasing my first flat in Gamlingay with a loan from Aldermore. The sellers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about this extras as it may impact my mortgage with the bank. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, chain free conveyancing. Gamlingay is the location of the property. What do you suggest?
Flying freeholds in Gamlingay are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gamlingay you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gamlingay may decide 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 residence.
My cousin has recommend that I instruct his conveyancers in Gamlingay. Should I use them?
Much as we are happy to recommend a Gamlingay conveyancing lawyer the ideal way to find a conveyancing lawyer is to get referrals from friends or relatives who have actually experience in using the firm that you are are thinking of instructing.