My wife and I are about to complete on the purchase of a property in Earley but as a result of damage from the recent storms I have was able negotiate recompense from the seller of £3k in the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process but UBS are not allowing this. Why were they approached?
The conveyancing practitioner being on the UBS conveyancing panel is required to advise UBS of any amendments to the sale price. If you prohibit your property lawyer to notify the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new solicitor for your conveyancing in Earley.
We are planning to purchase with Coventry BS. We have called around locally but am unable to find a Earley conveyancing firm on the Coventry BS approved list. Please you help?
Feel free to make the most of the search tool on this site. Please choose the lender and type Earley or your preferred area and you will discover numerous solicitors offices in Earley or by proximity to you.
My friend advised me that if I am purchasing in Earley I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Earley conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Earley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Earley Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Earley Education with maps and statistics, Local Amenities and other useful data regarding Earley.
I am buying a new build house in Earley with a loan from Barnsley Building Society. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not to tell my lawyer about this deal as it will put at risk my loan with the bank. Is this normal?.
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.
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 simple, chain free conveyancing. Earley is where the house is located. Is there any advice you can give?
Flying freeholds in Earley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Earley you would need to get your solicitor to go 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 Earley may determine 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 premises.
Is planning consent needed to split a house into a couple of appartments in Earley? This has been carried out to a property opposite to a friend in Earley and was unaware of the conversion until it was done.
Planning permission is required for splitting a single house in Earley into flats but possibly not for reverting back to single dwelling-house so, in answer to your query, yes.