I am buying a newly constructed apartment in Great Barford and my conveyancer is advising me that she is duty bound to the bank to reveal incentives from the seller. I am nearing the developer’s deadline to sign contracts and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the Great Barford conveyancing solicitors identified as being on the Skipton conveyancing panel, together with their details provided by Skipton?
Great Barford conveyancing firms themselves provide us confirmation that they are on the Skipton conveyancing panel as opposed to being supplied with a list from Skipton directly.
We are intent on selling our home in Great Barford and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used a web based conveyancing practice as opposed to a conveyancing solicitor in Great Barford. We have lived in Great Barford for three years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with 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 sickness)
I purchased a terraced Edwardian house in Great Barford. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for 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 Great Barford and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing solicitor who completed the work.
I am buying my first flat in Great Barford with the aid of help to buy. The sellers refused to reduce the price so I negotiated £7000 of extras instead. The property agent suggested that I not inform my lawyer about this side-deal as it would put at risk my loan with Virgin Money. 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.
In sourcing the web for the phrase conveyancing in Great Barford it brings up many solicitorslocally. How do I determine which is the right solicitor for me?
The ideal method of choosing a suitable conveyancer is through a trusted testimonial, so ask friends and those you trust who have acquired a property in Great Barford or a local estate agent or financial adviser. Costs for conveyancing in Great Barford vary, so it's advisable to obtain a minimum of three fee calculations from varying types of property lawyers. Be sure to obtain confirmation that the fees are fixed.