My wife and I are purchasing a brand new flat in Costessey and my conveyancer is telling me that she has to the lender to disclose incentives from the seller. I am nearing the developer’s deadline to exchange and I have no desire to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank 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.
I am assisting my sister sell her flat in Costessey. Will the conveyancer arrange an energy performance certificate or should I organise this?
Following the demise of Home Information Packs, EPC’s was left as a compulsory component of moving property. An EPC must be commissioned prior to the property being marketed. This is not a task that solicitors normally organise. If you are using a Costessey conveyancing practitioner they might be willing to arrange energy assessments given their contacts with reputable Costessey energy assessors
A relative pointed out to me me that in purchasing a property in Costessey there could be various restrictions prohibiting external alterations to a property. Is this right?
There are anumerous of properties in Costessey which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Costessey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have paid off my mortgage with HSBC. I assume I don't need a Costessey solicitor on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
I have justdiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Costessey for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way 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 Costessey conveyancing specialists.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Costessey I like with amenity areas and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Costessey suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years may be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
My cousin has recommend that I use his conveyancers in Costessey. Should I find my own conveyancer?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to get recommendations from friends or relatives who have actually experience in using the conveyancer you're contemplating using.
Would local authority permission be necessary to convert a single dwelling into two flats in Costessey? This has taken place to a property adjacent to a friend in Costessey and was ignorant of the conversion until it was finished.
Planning Consent yes. Building Regulations yes.