We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather appoint a Horsford based conveyancing firm?
You should check but the the probability is that appoint one of their panel lawyers if you take up the "fee-free" incentive. Call the bank and check if they make available a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Horsford.
My colleague recommended that if I am buying in Horsford I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Horsford conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Horsford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Horsford Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Horsford Education with maps and statistics, Local Amenities and other useful information concerning Horsford.
I am purchasing a new build house in Horsford with a loan from Chelsea Building Society. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not disclose to my solicitor about this extras as it would put at risk my loan with Chelsea Building Society. Do I keep my lawyer in the dark?.
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 issue on a property I have offered on last month in what should have been a simple, no chain conveyancing. Horsford is where the house is located. What do you suggest?
Flying freeholds in Horsford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Horsford you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Horsford 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 property.
My husband and I are 17 days into a leasehold purchase having been recommend to a firm by the selling agent to execute conveyancing in Horsford. I am am extremely frustrated with the level of service. Could you help me find new lawyers?
A conveyancer would have to be very poor in order to consider changing them. Has the loan offer been sent? If so you need to inform them of the replacement lawyer and have the mortgage documents are re-issued. Your conveyancer should be on the lenders approved list to avoid supplemental fees and frustration. So that should be your first question of the new lawyers. The search tool will assist you in finding a bank approved conveyancer for your home move in Horsford