We have very pushy sellers who has suggested a preliminary contract with a non-refundable deposit two thousand pounds. Are such agreements generally advanced for Cambourne conveyancing transactions?
Exclusivity agreements are agreements between a home seller and purchaser giving the buyer the sole right to the sale of the property within a prescribed time frame. Essentially, an exclusivity agreement is a contract stating that you should have a contract at a later date which is the contract for the actual sale. It is generally used for buyer protection though in some cases, the proprietor may stand to benefit from such agreements as well. There are many positives and negatives to having them but you need to check with your solicitor but note that it may end up costing you extra in conveyancing charges. For this these contracts are avoided in relation to conveyancing in Cambourne.
We note that you have a search directory listing law firms on the Principality conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Cambourne?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Cambourne.
This question may be naive but I am wet behind the ears as a 1st time buyer of a ground floor flat in Cambourne. Do I pick up the keys to the premises on completion from my solicitor? If this is the case, I will find a local conveyancing solicitor in Cambourne?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's lawyers, and once they have received this, you will be invited to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
We have a mortgage agreed in principle with HSBC. Cambourne conveyancing lawyers were instructed. What is the average time that one could expect to receive a mortgage offer from HSBC?
There is no definitive answer here. Have HSBC conducted the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Our offer on a semi in Cambourne has been agreed to, but there is a chain. The owners have offered on on an apartment, but it’s not yet agreed to, and have viewings of other properties booked. I have chosen a bricks and mortar conveyancing solicitor in Cambourne. What do I do now? At what point should I apply for the mortgage with Skipton?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then valuation, Cambourne conveyancing search costs, etc). The first thing to do is check that your property lawyer is on the Skipton conveyancing panel. Concerning the next phase this very much dictated by the uniqueness of your transaction, motivation for the property and on the state of the market. In a buoyant market some purchasers would apply for a home loan with Skipton and pay for the valuation and only if it comes back ok would they pay their lawyer to proceed with searches.
A friend recommended that where I am buying in Cambourne I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Cambourne conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Cambourne 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 statistics, Cambourne Education with maps and statistics, Local Amenities and other useful data about Cambourne.
I have recentlybecome aware that Wolstenholmes have closed. They conducted my conveyancing in Cambourne for a purchase of a freehold house 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cambourne conveyancing specialists.
I am purchasing my first flat in Cambourne with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The property agent told me not reveal to my lawyer about the deal as it will adversely affect my loan with the lender. 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.