I am purchasing a property for cash in Crook Log. I have lived for the last twelve years in Crook Log. Conveyancing searches are exorbitant. Given that I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then all but one or two of the Crook Log conveyancing searches are non-obligatory. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to take that path of advice. Do take into account; if you are intend to sell the house at a future date, it may be of interest to your future buyer what the searches contain. There are plenty of instances where houses with functional issues can still reveal unpredicted search results. A good conveyancing solicitor in Crook Log will provide you some practical guidance concerning this.
It is a dozen years since I acquired my house in Crook Log. Conveyancing lawyers have recently been instructed on the sale but I am unable to locate my deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by the mortgage company or they may still be with the lawyers who acted in your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Crook Log involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
I am buying a house and the lawyer has mentioned Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Crook Log
Unless a prior acquisition of the property took place after 12 October 2013 you could expect lawyers delivering conveyancing in Crook Log to remain recommending a chancel search and or insurance against a claim.
The deeds to our property are lost. The lawyers who dealt with the conveyancing in Crook Log 5 years ago have long since closed. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your lawyer will know precisely where to look for all the suitable paperwork so you can buy or sell your house without a hitch. Where duplicates are not available, your conveyancer may be able to put in place insurance or indemnities protecting you against future claims on the property.
I am purchasing a new build house in Crook Log with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about the extras as it will put at risk my mortgage with Santander. 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.
I opted to have a survey carried out on a house in Crook Log before appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may refuse to issue a loan on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Crook Log. Conveyancing will be smoother if you use a solicitor in Crook Log especially if they are familiar with such properties in Crook Log.