Is it realistic for conveyancing in Great Coates to be completed within 28 days?
In the event that you are under pressure to exchange it is highly recommended that your solicitor is familiar with the area as they will benefit local relationships and insight. It is possible that they could have conducted otherhomes in the same street. You would be best advised to use a Great Coates conveyancing firm. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that 18% of Great Coates conveyancing transactions are held up or jeopardised after discovering a purchaser’s conveyancer was not on their banks panel. In many cases this discovery resulted in the transaction being delayed by an average of three weeks. It is believed that this issue impacts in the region of 100,000 home moves every year. Many Great Coates conveyancing practices can not represent certain mortgage companies so do check at the outset.
We were going to get a AIP from Nationwide this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nationwide recommend any Great Coates solicitors on the Nationwide conveyancing panel, or is it better to go independently?
You will need to appoint Great Coates solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Great Coates lawyer on the Santander panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Great Coates. I have a mortgage agreed with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in Great Coates?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Great Coates. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Great Coates with a mortgage from Leeds Building Society. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my conveyancer about the extras as it may affect my loan with Leeds Building Society. 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.
What tools are available to locate a Great Coates law firm on the Platform Home Loans Ltd conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this page. Please pick a mortgage company and your location and you will see a number of Great Coates conveyancing lawyers based on proximity. We have listed some Great Coates conveyancing firms towards the end of this page and you can ring them to see whether they are on the Platform Home Loans Ltd panel
At long last our conveyancing in Great Coates is set to complete this Friday, yet the vendors I am buying from has asked to move out 24 hours later at PM. Do I agree to this?
Where you require a loan then your conveyancing practitioner will require that the premises arevacant on Friday - the lender will require it.