We are about to exchange buying a house in Crayford but as a result of wreckage from the recent storms I have managed to agree recompense from the current proprietors in the sum of £2k in the form of a deduction in the price. I had intended this to be addressed as part of a side agreement however Skipton will not permit this. Should they have been involved?
The solicitor being on the Skipton conveyancing panel is required to advise Skipton of any amendments to the purchase price. If you were to refuse your property lawyer to report the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new conveyancing practitioner for your conveyancing in Crayford.
It is a dozen years since I acquired my home in Crayford. Conveyancing solicitors have now been appointed on the sale but I can't locate my title documents. Is this a major issue?
Don’t worry too much. Firstly the deeds may be retained by your mortgage company or they may be archived with the conveyancers who oversaw the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Crayford relates to registered property but in the rare situation where your home is unregistered it is more of a problem but is resolvable.
I'm purchasing my first flat in Crayford with a mortgage from Accord Mortgages Ltd. The builders would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about this extras as it will affect my loan with Accord Mortgages Ltd. Is this normal?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Crayford prior to retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks may not give a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Crayford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crayford to see if the conveyancing will be more expensive.
I'm remortgaging my current home to a buy to let loan with Barclays Direct and I will use the ballance of the raised equity as a deposit on a second property. The area we are looking at is Crayford. Will your solicitors be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our search tool on this site to check that the lawyers are on the relevant lender panels. Having checked that they are your lawyer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and communicate your expectations and needs.
My partner has recommend that I appoint his conveyancers in Crayford. Do I take his advice?
Much as we are happy to recommend a Crayford conveyancing lawyer the best way to find a conveyancing practitioner is to seek feedback from friends or relatives who have previously instructed the conveyancer you're considering.