I require conveyancing for a flat in a relatively new development (6 years built) in Sawtry. Almost all the properties are already sold. Is it really necessary to order neighbourhood searches as part of conveyancing in Sawtry?
If you getting a loan, your lender will need some (many) of the searches so you'll have no choice. If not, then Sawtry conveyancing searches are optional. No doubt your conveyancer, will 'advise', perhaps strongly, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you demand that your lawyer to proceed without searches then your lawyer will have to follow your instructions or you may need to find a new lawyer for your conveyancing in Sawtry.
It has been five months following my purchase conveyancing in Sawtry took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Sawtry with a mortgage from Clydesdale. The developers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not inform my solicitor about the deal as it may impact 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.
My step-father has suggested that I instruct his conveyancing solicitors in Sawtry. Should I choose my own conveyancer?
No doubt it’s preferable to find a conveyancing solicitor is to get recommendations from friends or family who have actually experience in using the conveyancer that you are contemplating using.
We have had DIP from Yorkshire Building Society who have advised that they will lend up to £350k. When do I need to appoint a solicitor for conveyancing? Sawtry is where we are buying.
You can appoint a lawyer now so that the property lawyer can open the file so they can commence the AML checks etc. As and when you wish them to commence work you will be asked for a deposit usually about £200. That should generally be once you have the mortgage offer and valuation report, nevertheless if you want to speed the process you can start the ball rolling sooner albeit risking some expense.