Much to our surprise we have been notified by our estate agent that my Bude solicitor is not on the mortgage company Solicitor panel. What can I do to check?
You need to contact your Bude lawyer directly. 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 Bude conveyancing practice that is on the approved list of lawyers for your lender.
Do commercial conveyancing searches disclose proposed roadworks that may impact a commercial site in Bude?
Its becoming the norm that commercial conveyancing solicitors in Bude will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Bude. The report 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 Bude.
For every commercial conveyancing transaction in Bude it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Bude commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Bude.
Just acquired a detached house in Bude , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Bude conveyancing solicitor works at snail pace, so I want to check that my purchase is recorded.
As far as conveyancing in Bude registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can differ according to the party submitting the application, whether there are errors and whether the Land registry communicate with any third parties. As of today in the region of 80% of such applications are completed in less than three weeks but occasionally there can be longer hold-ups. Registration is effected once the purchaser has moved in to the premises so post completion formalities is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor can contact the land registry and explain the circumstances.
I'm purchasing a new build house in Bude with a mortgage from Britannia. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not to tell my solicitor about this side-deal as it would adversely affect my mortgage with the lender. Should I keep quiet?.
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.
Hoping to buy a property located in Bude and I am already nervous. I couldn't find anything specific about Bude. Conveyancing will be needed in due course but do you know about the Bude area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bude. In the meantime here are some basic statistics that we found
I pay a maintenance contribution for my first floor flat in Bude. Due to losing my job and other issues I slipped behind with payments. The freeholders agreed a clearance plan but there is still about £1750 left to be paid.
I am under pressure to dispose of the property and I am panicking this could hold me back if I have to settle the arrears now. I'd like to sell up and then pay them back with the proceeds - is this practicable?
It would be wise to speak with the conveyancer conducting your Bude conveyancing but one option could be to agree for the outstanding amount to be attributed to the purchasers. The contractual price payable would be adjusted to reflect the amount of debt they take on. They could then discharge the outstanding monies after completion of the sale.