I need some quick conveyancing in Pattingham as I am faced with an ultimatum to complete in less than one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not obtaining a mortgage you are at free not to have searches carried out although no conveyancer would suggest that you don't. With plenty of history conveyancing in Pattingham the following are instances of issues that can be revealed and therefore impact future saleability: Enforcement Actions, Overdue Fees, Overdue Grants, Railway Schemes,...
I'm purchasing a new build house in Pattingham with a mortgage from Halifax. The builders refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not reveal to my conveyancer about the side-deal as it will jeopardize my loan with the lender. 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Pattingham I like with a park and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Pattingham suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I was advised by a number of property agents in Pattingham to choose a property lawyer on your site. Is there a financial inducement for Estate Agents to market your site over and above another?
We don’t give any financial incentive for pointing buyers and sellers our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Me and my wife accepted an offer on a Pattingham bungalow we inherited 5 years ago in 2012. I have over a decades worth of conveyancing experience and, now retired, see no reason not to undertake my own legal work. The purchaser's solicitor has informed me that their building society will not allow you to do your own conveyancing requiring the funds to be transferred to a solicitor's bank account.
Lending requirements to conveyancers from all mainstream lenders state that If the seller does not have legal representation the buyer’s lawyers should check whether the bank needs to be told so that a decision can be made as to whether they are willing to move forward.