My husband and I are acquiring a newly built apartment in Grays and my lawyer is advising me that she is duty bound to the bank to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My grandfather passed away six months ago and as sole heir and executor I was left the house in Grays. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this allowed?
If you plan to refinance then RBS will insist on your using a conveyancer on the RBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS mortgage is registered as a charge at the Land Registry.
I'm buying my first flat in Grays benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not inform my conveyancer about this deal as it may adversely affect my loan with Santander. 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.
Hoping to buy a property located in Grays and I am already nervous. I couldn't find anything specific about Grays. Conveyancing will be needed in due course but do you know about the Grays area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Grays. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my father I am disposing of a house in Swansea but I am based in Grays. My conveyancer (based 260 miles awayneeds me to execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Grays who can witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are located in Grays
Do online conveyancing companies undertake everything a high street Grays solicitor does or do I still need to use a solicitor for the final stages for my conveyancing in Grays?
Where you instruct an online conveyancer they should undertake all the work your Grays conveyancer would cover.