I am purchasing a house for cash in Oldland. I have resided for the previous 20 years in Oldland. Conveyancing searches are expensive. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then almost all of the Oldland conveyancing searches are at your discretion. Your solicitor will ’encourage you, perhaps strongly, that you should have searches carried out, but she has a professional duty to do this. One thing to take into account; if you are likely to sell the house at a future date, it will likely be be of relevance to your prospective buyer what the searches reveal. On occasion properties with functional issues can still reveal unfavourable search results. A competent conveyancing solicitor in Oldland will provide you some helpful advice here.
I'm purchasing a new build house in Oldland with a loan from The Mortgage Works. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about the extras as it may put at risk 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.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Oldland I like with a park and transport links nearby, however it's only got 52 years on the lease. I can't really find anything else in Oldland for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I am downsizing from my property. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Oldland if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Oldland. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Is there a reason that Oldland conveyancing fees are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Oldland will often involve additional work for instance fully examining the lease, corresponding with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.