Completed the sale of my flat in Marlow last May but the buyer keeps texting daily to say his conveyancer needs to hear from mine. What are the post completion sale legalities following completion?
After completion of your disposal your solicitor should send the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your conveyancer should also send confirmation that the mortgage has been repaid to the buyers solicitors. There are no post completion tasks specific conveyancing in Marlow.
I am purchasing a new build house in Marlow with a loan from Coventry Building Society. The sellers would not reduce the price so I negotiated 6k of extras instead. The house builders rep told me not reveal to my conveyancer about the extras as it could impact my mortgage with Coventry 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.
How straightforward is it to use the search app to locate a conveyancing practitioner in Marlow on the approved list for my lender?
1st choose a lender such as Birmingham Midshires, The Royal Bank of Scotland or TSB then choose your location a common one being Marlow. Conveyancing organisations in Marlow and across England and Wales should be listed.
I am hoping to put an offer on a small detached house that seems to be perfect, at a reasonable price which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Marlow. Conveyancing lawyers have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Marlow ?
Most houses in Marlow are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Marlow in which case you should be shopping around for a Marlow conveyancing solicitor and be sure that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your solicitor will appraise you on the various issues.
Leasehold Conveyancing in Marlow - Examples of Queries before buying
It would be wise to find out as much as you can about the company managing the building as they can either make living at the property much simpler or problematic. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to daily matters like the upkeep of the communal areas. Don't be afraid to ask other tenants if they are happy with them. On a final note, investigate as to the dates that you are obliged pay the service charge to the managing agents and precisely what you get for your money. It would be sensible to investigate if there are any onerous restrictions in the lease. For example some leases prohibit pets being allowed in in a block in Marlow. If you love the propertyin Marlow but your cat is not allowed to make the move with you then you will be faced difficult determination. What prohibitions are contained in the Marlow Lease?
Been reading online that Marlow solicitors are more costly than Marlow conveyancers in Marlow when it comes to purchasing a property. Am I better off using a conveyancer or a solicitor where I am purchasing a property in Marlow.
When it comes to conveyancing in Marlow the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.