I have given 8 weeks notice to my existing landlord and must vacate my let out property in Dereham by 19/3/2025. Conveyancing for my house purchase has just started. Can I complete in a couple of weeks as don't want to have to move into short term accommodation?
The normal practice is not to provide notice on a rental unless exchange of contracts has taken place. If you have not previously done so, notify to your conveyancer and ask them to they chase the owners side, try to a target completion date that all parties will work to achieve
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather instruct a specialised conveyancing solicitor in Dereham?
Do check but the the likelihood is that appoint one of their panel solicitors should you want the "fee-free" incentive. Contact the bank to ask if they offer you a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Dereham.
I have been told that property searches are a common reason for obstruction in Dereham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Dereham.
I have recentlybeen informed that Stirling Law have closed. They carried out my conveyancing in Dereham for a purchase of a leasehold apartment 18 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dereham conveyancing specialists.
I am buying a new build house in Dereham with a mortgage from The Royal Bank of Scotland. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not reveal to my lawyer about this extras as it would adversely affect my loan with the lender. Should I keep quiet?.
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 am looking for a flat up to £195,000 and found one round the corner in Dereham I like with amenity areas and transport links in the vicinity, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Dereham in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.