Is it realistic for conveyancing in Radlett to be finalised in under two weeks?
Where you are under a tight deadline to sign contracts we would recommend that your conveyancer is familiar with the location as they will make use of local contacts and insight. It is possible that they could have handled previoushouses in the same neighbourhood. Therefore consider using a Radlett conveyancing firm. Second, check that the lawyer is on the member panel. It is claimed that nearly one in five of Radlett conveyancing transactions are held up or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s panel. This can often result in the transaction being delayed by an average of 21 days. It is understood that this issue affects approximately 100,000 home moves annually. Most Radlett conveyancing firms can not act for certain lenders so do check at the outset.
My partner and I are close to exchanging contracts on the sale of our property in Radlett and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used a web based conveyancing practice rather than a conveyancing solicitor in Radlett. Having lived in Radlett for 4 years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I'm buying a new build house in Radlett with a loan from Norwich and Peterborough Building Society. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not inform my solicitor about the extras as it could jeopardize my mortgage with the lender. 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 opted to have a survey completed on a house in Radlett ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend not grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Radlett. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Radlett to see if the conveyancing will be more expensive.
Do I need to be wary that brokers that I am dealing with are recommending a web based conveyancing firm as opposed to a High Street Radlett conveyancing company?
As with many professional services, often referrals from connections can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and lenders may put forward lawyers to use. On occasion these conveyancers might be known to one of the organisations as being good in their field, but sometimes there exists a financial incentive behind the recommendation. You are at liberty to choose your preferred lawyer. Don't forget that the majority of lenders operate an approved list of conveyancers you have to use for the mortgage related work in your transaction.