My father pointed out to me me that in purchasing a property in Braintree there could be various restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Braintree which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Braintree should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Please help - my lawyer says that flying freehold insurance is needed on my purchase. What is the level of cover for Braintree conveyancing?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Chelsea Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Braintree building society branch on a couple of occasions and was advised it wasn't an issue and they will lend. My Braintree conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend based on their published requirements. I simply don't know who is right.
As long as the lawyer is on the lender approved list, they must comply with the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender 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 bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
What can a local search reveal about the property I am buying in Braintree?
Braintree conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search is essential in every Braintree conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I'm buying a new build house in Braintree with the aid of help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not reveal to my lawyer about this extras as it will jeopardize my mortgage with Barclays . 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.
What does commercial conveyancing in Braintree cover?
Braintree conveyancing for business premises incorporates a broad range of advice, provided by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My father has recommend that I instruct his conveyancers in Braintree. Should I use them?
There are no two ways about it the best way to select a conveyancing lawyer is to seek recommendations from friends or relatives who have experience in using the conveyancer you're are thinking of instructing.
I'm purchasing a apartment in Braintree. I can find my conveyancer's company on the Law Society's list, but I can't locate my conveyancer's name on the list. Is this a big problem?
Not every individual in the company must be listed by the regulator. Provided there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unlicensed staff.