We are buying a new build flat in Carshalton and my solicitor is telling me that she has to the lender to reveal incentives from the builder. I am nearing the developer’s deadline to exchange contracts and my preference is not to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
As someone unfamiliar with the Carshalton conveyancing process what’s the number one tip you can give me concerning the house moving process in Carshalton
You may not hear this from too many lawyers but conveyancing in Carshalton or throughout England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of room for conflict between you and other parties involved in the legal transfer of property. E.g., the seller, estate agent and on occasion your bank. Appointing a law firm for your conveyancing in Carshalton should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the process whose role it is to act in your best interests and to keep you safe.
There is a distinct increase in the "blame" culture- someone has to be blamed for the process taking so long. We recommend that you should always trust your solicitor above the other parties in the conveyancing process.
I have been told that property searches are the number one cause of delay in Carshalton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Carshalton.
The deeds to our house can not be found. The solicitors who dealt with the conveyancing in Carshalton 10 years ago no longer exist. What are my next steps?
You no longer need to hold title official documentation to evidence that you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
I'm purchasing my first flat in Carshalton with a loan from Platform Home Loans Ltd. The builders would not budge the price so I negotiated 6k of additionals instead. The sale representative advised me not inform my lawyer about the extras as it will affect my loan with the bank. 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.
I need to instruct a conveyancing solicitor for some conveyancing in Carshalton. I've land on a web site which looks to be the perfect offering If it is possible to get all this stuff done via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?