IfI was to purchase a freehold housein Clayton mortgage fee and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Clayton?
The only saving you would make on is the Clayton conveyancing searches. The conveyancing practitioner is obliged to do the vast majority of work - money laundering, liaising with your sellers property lawyer, SDLT return, register the property etc. A marginal saving might be made by not having to register a mortgage however it will not be a lot.
There is lots of here about conveyancing in Clayton but what is your top tip for selecting the right conveyancer in Clayton
It would be unwise to be swayed by the cheapest Clayton conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
How can we tell if a Clayton conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Clayton seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer handling your transaction.
We have a mortgage agreed in principle with HSBC. Clayton conveyancing practitioners were appointed. How long does it take for HSBC to issue the offer to the conveyancer?
There is no definitive answer here. Have HSBC completed the survey? Have you informed 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.
Me and my brother have a terraced Georgian property in Clayton. Conveyancing lawyer acted for me and Alliance & Leicester . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Clayton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
I am purchasing a new build house in Clayton with the aid of help to buy. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The property agent suggested that I not to tell my solicitor about the extras as it could jeopardize my loan with the bank. 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.
Frank (my husband) and I may need to rent out our Clayton 1st floor flat for a while due to a career opportunity. We used a Clayton conveyancing firm in 2004 but they have since shut and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?
A lease governs the relationship between the landlord and you the leaseholder; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Clayton do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the flat. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
Clayton Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
-
How many of the leaseholders are in arrears for their service charge payments? You will want to find out as much as possible about the company managing the building as they can either make life much simpler or uncomfortable. As the owner of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the upkeep of the communal areas. You should not be shy to ask other people if they are happy with them. Finally, investigate as to the dates that the service fees are due to the managing agents and specifically what it includes. Is the freehold owned collectively by the tenants?
Should I stop the direct debit for my mortgage with Virgin Money as soon as a completion date for my home sale in Clayton has been set?
No, you must keep paying any mortgage payments to Virgin Money until the mortgage is repaid on completion as part of your Clayton conveyancing.