My wife and I are buying a newly constructed duplex in Hessle and my solicitor is advising me that she has to the mortgage company to disclose incentives from the seller. The Estate Agents are hassling me to exchange contracts and I don't want to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. 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.
Completed the sale of my flat in Hessle last August yet the purchaser is texting me to say their lawyer is waiting to hear from mylawyer. What should have happened now that I have sold?
After completion of your house sale your solicitor should deliver the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the mortgage has been paid off to the purchasers solicitors. There is unlikely to be post completion formalities peculiar conveyancing in Hessle.
A friend recommended that if I am buying in Hessle I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Hessle conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Hessle around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Hessle.
I have justbeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Hessle for a purchase of a freehold house 9 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out 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 Hessle conveyancing specialists.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Hessle I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Hessle in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
My husband and I have recently had an offer agreed on a property and had meeting on Monday with HSBC for the mortgage. They have informed me that when it comes to appointing a conveyancing practitioner that unless they are on their approved list of conveyancers then we will have to pay out an additional charge of £200. This is is due to the fact that they would then have to instruct a conveyancer to act on their behalf as well as the one we select on our behalf and we are liable for their fees. I have requested HSBC to supply me with a list so I can seek quotes only from their approved conveyancers but was told they dont have such a list to hand over. What would be the best way of going about this?
You should ask HSBC what their panel criteria is for a conveyancer.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on loans for HSBC historically. Where the answer to those is yes, then just clarify this with HSBC. Another option is to use our search facility and we may be able to find you a solicitor in Hessle on the approved list for HSBC.