Me and my partner are due to complete on the purchase of a property in Snaith but as a consequence of wreckage from a small fire at the property I have was able negotiate compensation from the current proprietors in the sum of £2k in the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement yet Nationwide will not permit this. Should they have been involved?
Your property lawyer that is on the Nationwide approved list is obliged to inform Nationwide of any variations to the purchase price. If you prohibit your conveyancer to notify the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancing practitioner for your conveyancing in Snaith.
I am purchasing a garden flat in Snaith. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Snaith you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Snaith.
I have been on the look out for a flat up to £235,500 and found one close by in Snaith I like with open areas and railway links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Snaith in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 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 and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I need to instruct a conveyancing solicitor for freehold conveyancing in Snaith. I happened to chance upon a site which looks to be the ideal offering If there is a chance to get all this stuff done via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Should I cancel the direct debit for my mortgage with Kent Reliance as soon as a completion date for my home sale in Snaith has been agreed?
No, you should maintain paying any mortgage sums to Kent Reliance pending the mortgage being discharged from the proceeds of sale as part of your Snaith conveyancing.