All was ready to move into my new home in Godstone next Thursday. My property lawyer now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not specific to conveyancing in Godstone.
I am purchasing a semi-detached house in Godstone. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Godstone you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Godstone.
I need some fast conveyancing in Godstone as I have pressure to exchange contracts in less than 4 weeks. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at liberty not to have searches conducted although no lawyer would advise that you don't. With lots of history conveyancing in Godstone the following are instances of what can appear and therefore affect market value: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
I'm buying a new build house in Godstone benefiting from help to buy. The builders refused to move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my solicitor about the extras as it would adversely affect my mortgage with the lender. Is this normal?.
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.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £125,000 apartment in Godstone in just under a week. The management company has quoted £324 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Godstone?
Godstone conveyancing on leasehold flats usually necessitates administration charges raised by landlords agents :
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Addressing pre-contract enquiries
Where consent is required before sale in Godstone
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the leaseholder of a a ground floor purpose built flat in Godstone. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
You certainly can. We are happy to put you in touch with a Godstone conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Godstone premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The number of years remaining on the existing lease(s) was 75 years.
What is the average conveyancing fee for conveyancing in Godstone?
The average fee in 2014 for conveyancing in Godstone was £1,419 excluding Stamp Duty and Land Registry fees.