I have given 2 months notice to my current landlord and have to vacate my rented property in Caernarfon by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in three weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to serve notice on a rental until you have exchanged. If you have not previously done so, update to your lawyer and request that they chase the owners lawyers, try to get a realistic time scale from them that all parties will work to achieve
A relative recommended that where I am buying in Caernarfon I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Caernarfon conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Caernarfon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Caernarfon Education with maps and statistics, Local Amenities and other useful data about Caernarfon.
I'm purchasing a new build house in Caernarfon with the aid of help to buy. The sellers refused to move on the price so I negotiated 6k of extras instead. The sale representative told me not reveal to my solicitor about this extras as it could affect my loan with Clydesdale. Should I keep quiet?.
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 opted to have a survey completed on a property in Caernarfon in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not give a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Caernarfon. Conveyancing may be slightly more expensive based on your lender's requirements.
We are a couple of weeks into a residential purchase having been recommend to a firm by the local agent to carry out the conveyancing in Caernarfon. I am not happy. Could you you assist me in finding new lawyers?
They would need to be really poor in order to consider replacing them. Has the mortgage offer been sent? In the event that it has you must inform them of the new contact details and get the mortgage documents are issued to the new lawyers. Your new conveyancer needs to be on the banks panel to avoid added expenses and complications. So that should be your first question of the new conveyancers. The search tool should help you find a lender approved solicitor for your conveyancing in Caernarfon
My folks are unable to locate their Caernarfon property on the HM Land Registry site. They recall that 50 years ago when they purchased the house there were complications regarding Caernarfon not being identified on some systems.
Nearly all properties in Caernarfon should appear. Have you endevoured to search to simply the postcode. Normally it will identify all the premises inside the postcode. Assuming the property is registered it will be there with a title number. If they bought back in the 70’s it's conceivable it may be not yet registered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s mortgage company.