My partner and I are downsizing from our home in Crediton and according to the buyers it appears that there is a risk of it being built on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers are using a web based conveyancing firm as opposed to a conveyancing solicitor in Crediton. Having lived in Crediton for three years we know of no issue. Should we contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
3 months have gone by following my purchase conveyancing in Crediton concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in Crediton benefiting from help to buy. The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not inform my solicitor about the side-deal as it will put at risk my loan with the bank. Should I keep quiet?.
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.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Crediton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Crediton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crediton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crediton may ascertain 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.
Is it simple use your search app to find a conveyancing practitioner in Crediton on the approved list for my lender?
Step one is to select a mortgage company such as HSBC Bank, Bank of Scotland or Alliance & Leicester then choose your preferred area a common one being Crediton. Conveyancing practices in Crediton and across England and Wales will then be shown.
My wife and I plan to acquire our first house in Crediton. Conveyancing lawyer already instructed. The mortgage adviser suggested that a survey is not needed as the property is only fifteen years old.
At the very least you should order a Home Buyer's Report. As the premises was built over a decade ago the property will not come with a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could be sufficient. They will highlight any apparent problems and suggest further investigation where appropriate. Where there are any indications of material issues obtain a full structural survey.