Is it necessary to take out insurance to cover chancel repairs when purchasing a property in Holton le Clay?
Unless a prior acquisition of the premises completed after 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in Holton le Clay to continue to propose a a chancel search and or chancel repair liability policy.
My wife and I have a terraced Victorian property in Holton le Clay. Conveyancing solicitor acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Holton le Clay and other locations in 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 mortgage companies. You can also check the situation with the conveyancing solicitor who completed the work.
I'm buying my first flat in Holton le Clay benefiting from help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not reveal to my solicitor about the side-deal as it will impact my mortgage with Lloyds TSB 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.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Holton le Clay is where the house is located. Can you offer any assistance?
Flying freeholds in Holton le Clay are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Holton le Clay you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Holton le Clay may determine 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 property.
Should I go with a Holton le Clay conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can perform the legal work but her office is 200kilometers drive away.
The benefit of a high street Holton le Clay conveyancing firm is that you can visit the firm to execute paperwork, deliver your ID and apply pressure on them if necessary. Having local Holton le Clay know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that must trump using an unfamiliar Holton le Clay conveyancing solicitor solely due to them being Holton le Clay based.