My partner and I are buying a brand new flat in Yaxley and my conveyancer is advising me that she has to the mortgage company to reveal incentives from the builder. I am on a tight deadline to sign contracts and I don't want to delay 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 lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am about to put a bid on a leasehold property in Yaxley. The property agents advise that it is normal for flats in Yaxley to have less than 75 years unexpired on the lease. I am obtaining a loan with Accord Mortgages. Will the property be mortgageable given that the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/1/2022 the requirements read as follows :
I am looking for a ground for flat up to £245,000 and found one close by in Yaxley I like with a park and transport links in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Yaxley suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
Is it possible to transfer to a new firm as I have to find one who is on the Leeds Building Society conveyancing list. I was using a local conveyancing solicitor in Yaxley round the corner but he is not accepted by Leeds Building Society
It would be our pleasure to help you find a conveyancing solicitor in Yaxley on the Leeds Building Society panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Yaxley. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Yaxley.
In my capacity as executor for the estate of my grandfather I am disposing of a residence in Neath but reside in Yaxley. My conveyancer (based 260 miles from merequires that I sign a stat dec before completion. Could you suggest a conveyancing practitioner in Yaxley who can witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Yaxley