I have given 2 months notice to my existing landlord and must be out of my rented property in Lechlade by the end of next month. Conveyancing on my purchase is progressing. How realistic is it to complete in three weeks as don't want to have to move into temporary accommodation?
The normal practice is not to serve notice for your letting until you have exchanged. Assuming that you have not already done so, update to your lawyer and request that they chase the sellers side, try to get a realistic time scale from them that all parties will work towards
Will my solicitor be raising questions regarding flooding during the conveyancing in Lechlade.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Lechlade. There are those who purchase a house in Lechlade, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a number of searches that may be carried out by the buyer or on a buyer’s behalf which can figure out the risks in Lechlade. The conventional set of property information forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to find out whether the property has historically flooded. If flooding has previously occurred and is not notified by the vendor, then a buyer could bring a compensation claim as a result of such an inaccurate answer. The purchaser’s solicitors may also order an enviro report. This will indicate if there is a recorded flood risk. If so, additional investigations should be carried out.
I used Arc property Solicitors several years ago for my conveyancing in Lechlade. Now, I need my files however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lechlade of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Lechlade with a loan from Britannia. The builders would not budge the price so I negotiated 6k of extras instead. The property agent told me not disclose to my conveyancer about the extras as it will affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
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