I am purchasing an apartment in Feltwell. My property lawyer has never been on on the lender solicitor list. Can I still retain my Feltwell conveyancing solicitor even though they are not on the mortgage company approved list?
You must use a conveyancing practitioner to complete the legal work required when you need a loan to purchase your property. The conveyancer will carry out all the necessary investigations on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in order. You may select a Feltwell property lawyer of your choice. However, if the property lawyer appointed is not on the lender solicitor panel additional fees will be incurred as separate legal representation will be required by them. Lender panel applications may be submitted, so provided your lawyer has not historically applied for membership they should do so.
We are selling our property in Feltwell and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Feltwell conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Feltwell. Having lived in Feltwell for 4 years we know of no issue. Should we contact our local Authority to seek clarification need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Me and my brother purchased a terraced Edwardian property in Feltwell. Conveyancing solicitor acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Feltwell and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing solicitor who conducted the purchase.
I am purchasing a new build house in Feltwell with the aid of help to buy. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The property agent told me not to tell my conveyancer about this extras as it will put at risk my loan with The Royal Bank of Scotland. Should I keep quiet?.
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.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Feltwell is where the house is located. Is there any guidance you can impart?
Flying freeholds in Feltwell are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Feltwell 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 Feltwell 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 residence.
As co-executor for the will of my uncle I am disposing of a house in Newport but I am based in Feltwell. My conveyancer (who is 250 miles awayrequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Feltwell to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Feltwell