My husband and I are purchasing a newly constructed flat in Tavistock and my lawyer is advising me that she is duty bound to the lender to disclose incentives from the seller. I am on a tight deadline to exchange and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My grandfather passed away six months ago and as sole heir and executor I was left the house in Tavistock. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this possible?
Given you plan to refinance then HSBC will require that you use a conveyancer on the HSBC conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your HSBC conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the HSBC mortgage is registered as a charge at the Land Registry.
My colleague advised me that where I am buying in Tavistock I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Tavistock conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Tavistock around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Tavistock.
Is it possible to swap conveyancer as I have to retain one who is on the Aldermore conveyancing panel. I had appointed a local conveyancing solicitor in Tavistock five minutes from me but she is not approved by Aldermore
It would be our pleasure to help you select a conveyancing solicitor in Tavistock on the Aldermore panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Tavistock. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Tavistock.
Should local authority permission be required to change a house into two appartments in Tavistock? This has occurred to a house next door to a relative in Tavistock and was unaware of the conversion until after the works were complete.
Planning Permission yes. Building Reg Approval yes.