When will exchange of contracts take place for domestic conveyancing in Angel and do I need to be at the solicitors office?
Where you are local to one of the conveyancing solicitors in Angel you are welcome to attend to sign documents. However, the lender approved solicitors we recommend offer a nationwide conveyancing service and provide just as detailed and professional a job for you when dealing with you digitally. The executing of the contract is not the critical part. Signing on the dotted line is necessary for the firm to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Angel)to be in the office available at the end of the phone to exchange contracts.
2 months have gone by since my purchase conveyancing in Angel took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in Angel benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not to tell my lawyer about this deal as it could adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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 am looking for a ground for flat up to £195,000 and identified one close by in Angel I like with a park and railway links in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Angel in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
We're new to the buying process - had an offer accepted, yet the agent told us that the owners will only proceed if we appoint their preferred lawyers as they want an ‘expedited deal’. We would rather use a local conveyancer used to conveyancing in Angel
It is improbable the vendors are driving this. If they require ‘a quick sale', alienating a serious buyer is not the way to achieve this. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Angel conveyancing firm - not the ones that will earn the estate agent a introducer fee or meet his conveyancing figures set by HQ.
My wife and I hope to buy our first home in Angel. Conveyancing lawyer has been chosen. The mortgage adviser pointed out that a survey is not appropriate as the house was only constructed twenty two years ago.
As the bare minimum you need a Home Buyer's Report. Given the premises is more than ten years old the property will not benefit from a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. The report should highlight any apparent problems and suggest additional investigation where relevant. If there are any indications of material issues obtain a comprehensive structural survey.