Completed the sale of my flat in Great Coates last May yet the purchaser is calling me to say her conveyancer is waiting to hear from mylawyer. What should have happened following completion?
Post completion of your disposal your solicitor is duty bound to send the transfer deeds and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your solicitor must also confirm that the home loan has been paid off to the purchasers solicitors. There are no post completion steps unique to conveyancing in Great Coates.
After scouring consumer advice sites for a cheap lawyer in Great Coates, most comment that I must instruct a CQS accredited lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home ownership transfers, trusted by some of the UK's major lenders. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Council of Mortgage Lenders (CML). CQS is not a scheme offered by the Society for Licensed Conveyancers. Great Coates is one of the numerous areas of the UK where there are CQS solicitors.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Great Coates?
Its becoming the norm that commercial conveyancing solicitors in Great Coates will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Great Coates. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Great Coates.
For every commercial conveyancing transaction in Great Coates it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Great Coates commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Great Coates.
Me and my brother purchased a terraced Georgian house in Great Coates. Conveyancing lawyer represented me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Great Coates 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 purchasers. You can also check the position with your conveyancing solicitor who conducted the conveyancing.
I'm purchasing my first flat in Great Coates with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not to tell my solicitor about the side-deal as it could adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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 am looking for a flat up to £195,000 and found one near me in Great Coates I like with amenity areas and railway links nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Great Coates in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.