Are there restrictive covenants that are commonly picked up as part of conveyancing in Desborough?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Desborough. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Desborough with a loan from Godiva Mortgages Ltd. The developers would not move on the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my conveyancer about the extras as it will put at risk my loan with Godiva Mortgages Ltd. 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 have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Desborough I like with open areas and transport links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Desborough in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
How do I use the search app to select a conveyancing lawyer in Desborough on the panel for my bank?
1st pick a mortgage company such as Barclays , Barnsley Building Society or Bank of Ireland then specify your preferred area for instance Desborough. Conveyancing firms in Desborough and nationally should be listed.
I am 3 weeks into a freehold purchase having been referred to a firm by the selling agent to execute conveyancing in Desborough. I am not happy. Can you help me find new conveyancers?
They would have to be really poor in order to consider changing them. Has the loan offer been generated? If so you must advise them of the new lawyer and have the loan are re-sent. Your solicitor ideally needs to be on the lenders panel to avoid added charges and complications. So that should be your first question of the new lawyers. The search tool will help you find a bank approved lawyer for your conveyancing in Desborough
A couple of months ago I was told by my lender that their approved lawyers operate no sale no fee basis for conveyancing in Desborough. Our purchase fell through and now the conveyancers want search fees! They are claiming that the fees are independent!
By promising "no move no fee" Desborough conveyancing lawyers are foregoing their fees for any work carried out. We must stress this does not constitute an insurance scheme. Disbursements aren’t covered – where the solicitor have to pay money out to independent parties, for instance Desborough local search fees