It has come to my attention via my financial adviser that my Alresford solicitor is not on the bank Solicitor panel. How can I check?
You need to call your Alresford conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they may recommend you to a Alresford conveyancing practice that is on the conveyancing panel for your bank.
I am buying a new build house in Alresford with the aid of help to buy. The developers would not move on the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my solicitor about the extras as it will put at risk my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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'm remortgaging my current property to a buy to let mortgage with Skipton Building Society and I will use the rest of the raised equity as a deposit on another property. The neighborhood we are interested in is Alresford. Will your conveyancers be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this site to ensure that the lawyers are approved by both banks. On the basis that they are your conveyancer should be able to connect the two transactions but you should talk with you lawyer and make apparent your expectations and requirements.
My husband and I are FTB’s - had an offer accepted, but the agent informed us that the owners will only move forward if we instruct the agent's recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Alresford
It is highly unlikely the sellers are driving this. If they want ‘a quick sale', taking such a hostile approach to a motivated buyer is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to use your preferred Alresford conveyancing solicitors - not the ones that will give their estate agent a referral fee or achieve conveyancing figures set by senior management.
I am tempted by the attractive purchase price for a couple of apartments in Alresford both have in the region of forty five years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease decreases and results in it becoming more costly to extend the lease. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
Alresford Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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Does the lease have onerous restrictions? Who is in charge of the building? Its a good idea to discover as much as possible about the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to practical matters like the tidiness of the common parts. Ask other people what they think of their management. Finally, be sure you discover the dates that the service charges are due to the relevant party and specifically what you get for your money.
We have today had a bid accepted on our first home in Alresford, and need to get solicitors lined up. I have utilised the different rating based websites and the results are from all across the the UK. Is it critical to have a Alresford property lawyer local to our prospective house? I am willing to do everything electronically, but I guess at some point we will need to physically go into the conveyancer's office to sign documents?
The conveyancing practitioner does not have to be in Alresford, but opting for local means that you have the option to attend their offices if you need to, for instance, if a signature is immediately necessary. Also, a Alresford solicitor is likely to be familiar with local agents and (if the vendor has chosen a local conveyancer) with them, which should help keep things moving faster.