My wife and I are purchasing a brand new duplex in Harwich and my conveyancer is informing me that she is duty bound to the mortgage company to reveal incentives from the builder. I am nearing the developer’s deadline to sign contracts and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I need some expedited conveyancing in Harwich as I have a deadline to sign on the dotted line inside one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to have searches conducted although no law firm would recommend that you don't. With plenty of history conveyancing in Harwich the following are examples of what can be revealed and therefore impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I have todaybeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Harwich for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Harwich conveyancing specialists.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Harwich I like with open areas and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Harwich in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Do I need to be suspicious that 3rd parties that I am dealing with are recommending a national conveyancing firm rather than a High Street Harwich conveyancing firm?
As is the case with lots of professional services, often suggestions from relatives can be worth their weight in gold. Yet there are many parties with a vested interest in a conveyancing deal; estate agents, mortgage brokers and banks might all put forward lawyers to instruct. On occasion these lawyers might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the endorsement. You are free to select your own conveyancer. You need to be aware that the majority of mortgage providers operate an approved list of lawyers you are obliged to use for the lender aspect of your transaction.
We're FTB’s - had an offer accepted, but the agent informed us that the owners will only proceed if we instruct their preferred conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer used to conveyancing in Harwich
We suspect that the owner is not behind this requirement. Should the vendor desire ‘a quick sale', alienating a serious purchaser is counter productive. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Harwich conveyancing lawyers - as opposed tothe ones that will earn their negotiator at the agency a introducer fee or achieve conveyancing targets set by senior management.