I had a mortgage agreed in principle with TSB. Cuffley conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from TSB?
Some lenders take longer than others. Have TSB conducted the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Cuffley. An unusual aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Clydesdale your lawyer must comply with the formal requirements set out in Section 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook includes minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Clydesdale where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties nationwide and is not limited to Cuffley.
After shopping around on the internet I have found a Cuffley lawyer having made sure that they are on the Barclays conveyancing panel. Does my lawyer arrange the survey of the property?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Cuffley surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
A friend suggested that if I am purchasing in Cuffley I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Cuffley conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Cuffley around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information concerning Cuffley.
I am buying my first flat in Cuffley with the aid of help to buy. The builders would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it could affect my loan with the lender. Do I keep my lawyer in the dark?.
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 property I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Cuffley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cuffley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cuffley you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cuffley 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 residence.
What does commercial conveyancing in Cuffley cover?
Cuffley conveyancing for business premises incorporates a wide range of advice, supplied by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Am in the process of buying my first house in Cuffley. Conveyancing solicitor has been selected. The mortgage adviser suggested that a survey is not appropriate as the property was only constructed in 1997.
The bare minimum you need a Home Buyer's Report. Given the residence is more than 10 years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report could be sufficient. The report should highlight any obvious issues and suggest additional investigation if appropriate. Where there are any indications of problems seek a full structural survey.