We're in Hatfield, FTBs buying with a mortgage (lender is Santander , and our solicitor is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am purchasing a property and the conveyancer has mentioned Chancel Repair to which the house could be obligated to contribute to as it falls into the area of such a church. She has mentioned insurance. Is this really necessary for conveyancing in Hatfield
Unless a prior acquisition of the property took place post 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Hatfield to continue to suggest a chancel search and or insurance against a claim.
I'm buying my first flat in Hatfield benefiting from help to buy. The developers would not reduce the price so I negotiated 6k of extras instead. The property agent told me not reveal to my solicitor about the deal as it will impact my mortgage with Nationwide Building Society. 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 have been on the look out for a ground for flat up to £305k and identified one round the corner in Hatfield I like with open areas and station in the vicinity, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Hatfield suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can ask them to 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 with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
My husband and I are novice buyers - agreed a price, yet the agent informed us that the seller will only move forward if we instruct their chosen conveyancers as they want an ‘expedited deal’. We would rather use a local conveyancer used to conveyancing in Hatfield
We suspect that the owner is unaware of this ultimatum. Should the seller require ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Try to communicate with the sellers directly and make the point that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you intend to use your own,trusted Hatfield conveyancing solicitors - rather thanthe ones that will provide their negotiator at the agency a commission or hit his conveyancing targets demanded by HQ.
My cousin is purchasing a shared ownership flat in Hatfield. He has received an estimate by the lawyer connected to the selling agents and it came to £1250 . It was ten years ago I sold and purchased a property and it cost was £just under six hundred pounds. Have charges really escalated to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Hatfield searches, land registry fees, etc)