Have just purchased a repossessed house at auction in Crabtree. Conveyancing is needed. What happens now?
Given that you are now exchanged you should instruct a conveyancing practitioner quickly as you will have a tight a fixed date to complete the conveyancing. Every auction property will ordinarily have an associated auction pack. This will include most,if not all of the paperwork that your lawyer requires. If you have purchased leasehold premises the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You should pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are in order to complete the transaction on the set completion date.
My conveyancer has informed me that restrictive coveneant insurance is needed on my purchase. What is the level of cover for Crabtree conveyancing?
The appropriate level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and The Royal Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such insurances.
I am currently in the process of buying my council flat in Crabtree. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
Are there restrictive covenants that are commonly picked up during conveyancing in Crabtree?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Crabtree. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Crabtree with a loan from Accord Mortgages Ltd. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not disclose to my solicitor about this extras as it may jeopardize my loan with the bank. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Crabtree is the location of the property. What do you suggest?
Flying freeholds in Crabtree are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Crabtree you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crabtree may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Taking into account that I will soon spend £400,000 on a property in Crabtree I wish to talk to a solicitor concerning thehouse move ahead of instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor due to be doing your property ownership legalities in Crabtree.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Crabtree should be the amount on the final invoice that you are charged.
My husband and I are a couple of weeks into a residential purchase having been referred to conveyancers by the high street agent to handle our conveyancing in Crabtree. We are not happy. Could you help me find new solicitors?
They would have to be very bad in order to consider changing them. Has your mortgage offer been issued? If so you must make them aware of the replacement solicitor and ensure the offer are re-sent. The solicitor ideally needs to be on the mortgage company approved list to avoid added costs and complications. So that should be your starting point. Our search tool will help you find a bank approved solicitor for your home move in Crabtree