At what point does exchange of contracts happen for domestic conveyancing in Green Street Green and am I required to be at the conveyancers branch?
Where you are local to our conveyancing solicitors in Green Street Green you are invited in to sign contracts. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when dealing with you electronically. The signing of the contract is not the important part. A signed contract is necessary for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Green Street Green)to be in the office at the appropriate time.
My Solicitor in Green Street Green is not listed on the Britannia Solicitor Panel. Can I still retain my family solicitor even though they are excluded from the Britannia approved list?
Your options are as follows:
- Complete the purchase with your existing Green Street Green lawyers but Britannia will need to use a lawyer on their panel. This will inevitably rack up the total conveyancing charges and result in delays.
- Get an alternative solicitor to act in the purchase, obviously checking they are on the Britannia panel
I'm purchasing a new build house in Green Street Green benefiting from help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The property agent advised me not disclose to my solicitor about the deal as it would adversely affect my loan with the lender. 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.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Green Street Green I like with amenity areas and station nearby, however it only has 61 years on the lease. I can't really find anything else in Green Street Green for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
We're novice buyers - had an offer accepted, but the estate agent advised that the owners will only proceed if we use their chosen lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is accustomed to conveyancing in Green Street Green
It is highly unlikely the owners are driving this. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Contact the vendors directly and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Green Street Green conveyancing firm - not the ones that will give their negotiator at the agency a kickback or hit his conveyancing thresholds pre-set by HQ.