Do the Building Society Association intend to launch a searchable register to to identify firms on the Loughborough BS conveyancing panel for example in Fenstanton?
We have not been informed any plans on the part of the BSA to develop such a tool.
My partner and I are planning on selling our house in Fenstanton and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Fenstanton. Having lived in Fenstanton for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. 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 health insurance to cover that same sickness)
I'm purchasing a new build house in Fenstanton with the aid of help to buy. The sellers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not reveal to my conveyancer about the deal as it will 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've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Fenstanton is where the house is located. What do you suggest?
Flying freeholds in Fenstanton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fenstanton you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenstanton 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.
I am a sole trader looking to take over a lease of an office on the high street. Can you recommend solicitors offering competitive costs for commercial conveyancing in Fenstanton for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Fenstanton, including the disposal and acquisition of businesses as well as simply premises. If you are intending to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right lawyer. Regarding the costs these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or call us so that we may provide you with comprehensive commercial conveyancing calculation.
I dont have enough spare cash to pay a 10% deposit on my house purchase in Fenstanton , but I am keen exchange. Do I have options?
One option is to try and agree a lower deposit. Most vendors will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second