My wife and I are about to exchange on the purchase of a property in Clevedon but as a consequence of wreckage from the recent storms I have managed to agree recompense from the current proprietors in the sum of six thousand pounds by way of a deduction in the price. I had intended this to be addressed as part of the conveyancing process yet Co-operative will not agree to this. Should they have been approached?
Your lawyer that is on the Co-operative approved list is required to inform Co-operative of any amendments to the sale price. If you prohibit your lawyer to report the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new lawyer for your conveyancing in Clevedon.
Can you explain why leasehold purchase conveyancing in Clevedon costs more?
The conveyancing costs for a leasehold property in Clevedon is inevitably greater when contrasted to a freehold acquisition or disposal. This is due to the additional work required in communicating with the landlord and managing agents to obtain information concerning whether the rent and maintenance charges have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Clevedon. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Where you intend to refinance then Clydesdale will insist on your using a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
I am purchasing my first flat in Clevedon with the aid of help to buy. The sellers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not reveal to my conveyancer about the extras as it could jeopardize my loan with Santander. 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.
My husband and I are first time buyers - had an offer accepted, yet the agent told us that the owners will only go ahead if we appoint their chosen conveyancers as they need an ‘expedited deal’. We would rather use a family conveyancer accustomed to conveyancing in Clevedon
It is improbable the owners are driving this. Should the seller want ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Avoid the agents and go straight to the sellers and make the point that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Clevedon conveyancing lawyers - rather thanthose that will earn the negotiator at the agency a commission or meet his conveyancing thresholds pre-set by senior management.
Partway through the sale of a leasehold flat in Clevedon. Conveyancing is fine but we are being charged an extortionate amount by the freeholder. So far we have issued a cheque for £225 for a leasehold management pack and then a further £117.20 for responses to questions supplied by the buyers conveyancing practitioner.
Your conveyancer will unlikely have any control over the extent of the fee for this information but the average fee for the information for Clevedon leasehold property is £380. When it comes to Clevedon conveyancing transactions it is usual for the vendor to pay for these costs. The landlord or their agents are under no legal obligation to address these questions although many will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Regretfully there is no legislation that mandates capped fees for administrative tasks. There is no statutory time limit by which they are required to supply the information.