It has come to my attention via my broker that my Great Linford the law firm I have appointed is not on the mortgage company Solicitor panel. What can I do to be certain that this is indeed the case?
Your first step should be to call your Great Linford conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
My god-son is buying a newly built flat in Great Linford with a mortgage from RBS. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the RBS conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I'm purchasing my first flat in Great Linford with a mortgage from Accord Mortgages Ltd. The sellers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not reveal to my solicitor about the side-deal as it may jeopardize my loan with the bank. 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.
I opted to have a survey done on a house in Great Linford ahead of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend not issue a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Great Linford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Great Linford to see if the conveyancing costs will increase in light of this.
My business partner and I are looking to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Great Linford for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Great Linford, including the disposal and purchase of businesses as well as simply property. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. Regarding the fees these will vary based on the structure and terms of the deal. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing calculation.
Partway through the sale of a leasehold flat in Great Linford. Conveyancing lawyers are doing their job but we have been asked to pay a fortune by the freeholder. So far we have issued a cheque for £295.50 for a leasehold management pack and then another £134.40 for additional queries supplied by the buyers lawyer.
Your property lawyer will not have any sway over the extent of the bill for this information but the typical costs for the information for Great Linford leasehold property is £360. For Great Linford conveyancing deals it is customary for the seller to pay for these costs. The freeholder or their agents are under no legal obligation to address such questions most will agree to do so - albeit often at high prices out of proportion to the work involved. Unfortunately there is no statute that mandates set fees for administrative tasks. Neither is there any set time limit by which they are duty bound to issue the information.