Should lawyers request money up-front when it comes to conveyancing in Trimdon?
If you are buying a property in Trimdon your lawyer will ask you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the purchase price then this should be asked for immediately before contracts are exchanged. The final balance that is needed will be payable shortly before completion.
I own a 4 bedroom Victorian property in Trimdon. Conveyancing lawyer represented me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for 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 Trimdon 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 question the situation with the conveyancing lawyer who conducted the purchase.
I am purchasing my first flat in Trimdon with the aid of help to buy. The sellers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not inform my solicitor about the extras as it would put at risk my mortgage with the bank. 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.
I decided to have a survey carried out on a property in Trimdon before retaining lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks may refuse to grant a loan on such a premises.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Trimdon. Conveyancing may be slightly more expensive based on your lender's requirements.
There are a lot of properties in Trimdon on private roads. We are purchasing one such property. Are there any benefits to buying a residence on a privately owned road?
Trimdon conveyancing lawyers will be familiar with conveyancing homeson unadopted roads. The solicitor should review the title to identify any rights or responsibilities. It is possible that there is a management company (wholly owned by residents) that proprietors pay into to maintain the road. Where there is one, the road will likely be maintained and appear nicer than publicly maintained.