We just had an offer accepted to buy with Melton Mowbray Building Society. I went into a few local firms yet am unable to find a Long Sutton conveyancing firm on the Melton Mowbray Building Society approved list. Can you help?
You should take advantage of the find a conveyancing panel solicitor tool on this page. Pick the building society and type Long Sutton or your preferred area and you will be presented with numerous solicitors located in Long Sutton or by proximity to you.
Me and my partner are purchasing a property in Long Sutton. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to put our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am unseasoned as a first time buyer of a garden flat in Long Sutton. Do I pick up the keys to the house on the completion date from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Long Sutton?
On the day of completion you will not be required to attend the conveyancers office in Long Sutton. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you should be able to receive the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
Our sealed bid on a property in Long Sutton has been agreed to, the owners do nevertheless have a tied purchase. The owners have put an offer on on an apartment, however it’s not yet tied up, and are looking at other properties in the pipeline. I have instructed a high street conveyancing solicitor in Long Sutton. What should be my next step? When do I get the mortgage application with HSBC going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx one thousand pounds, then valuation, Long Sutton conveyancing search fees, etc). First, you must ensure that your solicitor is on the HSBC conveyancing panel. As to the next steps this very much depends on the specifics of your transaction, desire for this property and on the state of the market. In a hot market many home buyers will apply for the mortgage with HSBC and pay for the valuation and only if it comes back ok would they ask their conveyancer to proceed with searches.
Are there restrictive covenants that are commonly identified as part of conveyancing in Long Sutton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Long Sutton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Long Sutton with the aid of help to buy. The developers refused to reduce the amount so I negotiated 6k of extras instead. The estate agent advised me not to tell my lawyer about the extras as it may affect my loan with the bank. 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 have been on the look out for a flat up to £245,000 and identified one round the corner in Long Sutton I like with a park and railway links nearby, the downside is that it's only got 61 years on the lease. There is not much else in Long Sutton in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan that many years may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.