It is a dozen years since I bought my home in Burton upon Stather. Conveyancing solicitors have just been appointed on the sale but I am unable to find the deeds. Is this a problem?
Don’t worry too much. Firstly the deeds may be retained by the mortgage company or they may stored with the lawyers who handled the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. The vast majority of conveyancing in Burton upon Stather involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I have been told by my conveyancer that restrictive coveneant insurance is needed on my purchase. What is the level of cover for Burton upon Stather conveyancing?
The right level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Norwich and Peterborough Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
I happen to be the only recipient of my late mum's estate and I have everything in my name now, including the house in Burton upon Stather. The Burton upon Stather property was put into my name in November. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership could be treated the same way as if I'd bought the house in November. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. many mortgage companies would take a practical view as this clause chiefly exists to pick up on subsales or the quick reselling of properties.
My partner and I have organised a further advance on our mortgage from TSB as we want to carry out alterations to our property in Burton upon Stather. Do we need to appoint a high street Burton upon Stather solicitor on the TSB conveyancing panel to deal with the paperwork?
TSB do not ordinarily appoint a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB conveyancing panel.
2 months have gone by since my purchase conveyancing in Burton upon Stather completed. I have checked the Land Registry site which shows that I paid £200,000 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 residence 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 Burton upon Stather with a mortgage from Barnsley Building Society. The developers refused to move on the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my solicitor about this side-deal as it could adversely affect my loan with Barnsley Building Society. 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.
Is it possible to switch conveyancer as I need to retain one who is on the Skipton Building Society conveyancing list. I instructed a family conveyancing solicitor in Burton upon Stather round the corner but the firm is not approved by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in Burton upon Stather on the Skipton Building Society panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Burton upon Stather. In making use of search facility on this site, you can contrast costs for conveyancing solicitors in Burton upon Stather and throughout England and Wales.
My husband and I are planning to purchase a four bedroom ground floor flatin Burton upon Stather with a home loan from a mortgage company. We wish to instruct our solicitor in Burton upon Stather but our lender advise he's not on their "panel". We have to appoint one of the our lender panel firms or stay with our Burton upon Stather solicitor and pay for one of their panel ones to represent our mortgage company. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage company home loan issued is subject to its terms and conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most lenders had open panels, including almost all conveyancing solicitors in Burton upon Stather : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your mortgage company.