I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Paddock Wood. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/5/2019, the requirements read as follows :
What can a local search inform me about the property we're buying in Paddock Wood?
Paddock Wood conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance Searches UK The local search plays a central role in many a Paddock Wood conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The lawyers who dealt with the conveyancing in Paddock Wood 4 years ago no longer exist. What are my options?
You no longer need to have the physical deeds to evidence that you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
I am purchasing my first flat in Paddock Wood with a loan from Barclays . The developers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my conveyancer about the deal as it may jeopardize my loan with the bank. Should I keep quiet?.
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.
Is it simple use the search tool to choose a conveyancing lawyer in Paddock Wood on the authorised to act for my mortgage?
1st select a mortgage company such as Birmingham Midshires, Barnsley Building Society or Godiva Mortgages Ltd then specify your preferred area a common one being Paddock Wood. Conveyancing practices in Paddock Wood and further afield will then be shown.