My wife and I are about to exchange on the purchase of a house in Broadway but as a result of wreckage from the recent storms I have was able negotiate reparation from the seller of six thousand pounds in the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process however Skipton are not allowing this. Should they have been involved?
The conveyancer that is on a Skipton approved list is obliged to inform Skipton of any amendments to the sale price. If you prohibit your conveyancing practitioner to notify the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new lawyer for your conveyancing in Broadway.
Finally the sale completed on my house in Broadway last October but my buyer keeps whats apping me to say their lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your house sale your lawyer is obliged to send the transfer documentation and all additional paperwork to the purchaser's lawyers. If applicable, your lawyer must also confirm that the home loan has been redeemed to the purchasers conveyancers. There are no post completion requirements peculiar conveyancing in Broadway.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial land in Broadway?
Its becoming the norm that commercial conveyancing solicitors in Broadway will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Broadway. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Broadway.
For each commercial conveyancing transaction in Broadway it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Broadway commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Broadway.
I'm buying my first flat in Broadway benefiting from help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my lawyer about this extras as it will affect my loan with the bank. 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.
My father has urged me to appoint his conveyancing solicitors in Broadway. Should I use them?
Much as we are happy to recommend a Broadway conveyancing lawyer the ideal way to choose a conveyancing solicitor is to have referrals from friends or family who have experience in using the conveyancer that you are considering.
I purchased a property in Broadway last 24/5/2024 and to date it is still not recorded with HM Land Registry. It is part of a development site and my conveyancing practitioner told me that it may take one year to register. I have contacted HM Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your conveyancing practitioner that you should get in touch with in order to satisfy any issues which have been raised as part of the registration process for your Broadway property. Normal Broadway conveyancing practice includes an undertaking on the part of the vendor’s conveyancer that they will assist in resolving any requirements raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.