My wife and I are buying a newly built flat in Hawes and my lawyer is informing me that she is duty bound to the lender to disclose incentives from the developer. I am under pressure to exchange and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. 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 require quick conveyancing in Hawes as I am faced with a deadline to exchange contracts inside one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Hawes the following are examples of what can be revealed and adversely impact future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
four months have gone by following my purchase conveyancing in Hawes completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Hawes differ for newly converted properties?
Most buyers of new build or newly converted property in Hawes contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Hawes typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hawes or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Hawes I like with open areas and station nearby, the downside is that it only has 51 years on the lease. There is not much else in Hawes in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can 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 speak to your conveyancing lawyer about this.
A mortgage offer from a lender for the refinancing of my 2 bedroom maisonette is coming within the next few days. Can you recommend a cheap remortgage conveyancing law firm in Hawes ?
You are on the wrong site if you are in need of a cheap conveyancing in Hawes. We can offer you cost effective conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing companies offering low cost conveyancing in Hawes.In your best case scenario, in going for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for additional fee and still not get the service expected.