Is it realistic for conveyancing in South Yorkshire to be completed inside 3 weeks?
In the event that the seller is applying time constraints for your conveyancing we would recommend that your lawyer is familiar with the area as they will benefit local connections and know-how. It is possible that they may have handled previoushouses in the same road. Therefore consider using a South Yorkshire conveyancing lawyer. In addition, ensure that the conveyancing firm is on the member panel. It is understood that nearly one in five of South Yorkshire conveyancing deals are delayed or jeopardised after discovering a buyer’s solicitor was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being frustrated by as much as three weeks. It is understood that this issue affects in the region of 100,000 home moves every year. Many South Yorkshire conveyancing practices can not act for certain mortgage companies so do check as early as possible.
Do lawyers request money on account for my conveyancing in South Yorkshire?
If you are buying a property in South Yorkshire your solicitor will ask you put them with funds to cover the search fees. Ordinarily this is requested to cover the fees of the conveyancing searches. When the deposit is as part of the total price then this will be needed immediately in advance of contracts are exchanged. Any further balance that is due should be sent to your lawyer shortly before completion.
My wife and I own a terraced Edwardian house in South Yorkshire. Conveyancing lawyer represented me and TSB. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in South Yorkshire and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who conducted the purchase.
I am purchasing a new build house in South Yorkshire with a loan from Clydesdale. The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my lawyer about this extras as it could adversely affect my mortgage with the lender. Is this normal?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in South Yorkshire before retaining lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Yorkshire. Conveyancing will be smoother if you use a solicitor in South Yorkshire especially if they are acquainted with such properties in South Yorkshire.