I am purchasing a end of terrace house in Whaley Bridge. The intention is to carry out an extension to the side at the property.Will the conveyancing process include investigations to determine if these alterations were previously refused?
Your conveyancer will check the registered title as conveyancing in Whaley Bridge will occasionally identify restrictions in the title documents which prohibit certain alterations or need the consent of a 3rd party. Certain works call for local authority planning permissions and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Whaley Bridge building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Whaley Bridge conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancer must comply with the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
About to purchase flat in Whaley Bridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Whaley Bridge conveyancing practitioner is on the UBS conveyancing panel.
I am purchasing my first flat in Whaley Bridge with a loan from Santander. The sellers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not reveal to my lawyer about this side-deal as it will adversely affect my mortgage with the lender. 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.
I opted to have a survey done on a property in Whaley Bridge before instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend not issue a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Whaley Bridge. Conveyancing will be smoother if you use a solicitor in Whaley Bridge especially if they are familiar with such properties in Whaley Bridge.
Am I right to be concerned that brokers that I am dealing with are encouraging me to use a factory type conveyancing firm as opposed to a local Whaley Bridge conveyancing practice?
As with many professional services, often input from relatives can be very helpful. But there are lots of parties with a keen interest in a conveyancing transaction; estate agents, financial adviser and banks may put forward solicitors to use. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there might be a commercial relationship behind the endorsement. You have the discretion to select your preferred conveyancer. You need to be aware that most banks have an approved list of lawyers you have to use for the mortgage related work in your house move.
As co-executor for the estate of my aunt I am disposing of a residence in Cardiff but live in Whaley Bridge. My solicitor (based 300 kilometers awayneeds me to execute a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Whaley Bridge who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Whaley Bridge based