How up to date is your database of Higham Ferrers solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Higham Ferrers conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
I am purchasing a new build house in Higham Ferrers with a mortgage from Barclays . The developers refused to budge the price so I negotiated 6k of additionals instead. The sale representative advised me not disclose to my conveyancer about this deal as it may jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a ground for flat up to £305k and found one near me in Higham Ferrers I like with a park and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Higham Ferrers in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
I was pointed in your direction by numerous estate agents in Higham Ferrers to get a quote from a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your lawyers over another?
We refuse to give any financial incentive for sending work our way. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Am I better off to appoint a Higham Ferrers conveyancing lawyer based in the area that I am purchasing? An old friend can execute the conveyancing however her office is 200miles drive away.
The primary upside of using a local Higham Ferrers conveyancing firm is that you can pop in to sign paperwork, hand in your ID and apply pressure on them where appropriate. They will also have local insight which is a plus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were content that should outweigh using an unfamiliar Higham Ferrers conveyancing solicitor solely due to them being Higham Ferrers based.
If instructed can a conveyancer remove a name from the title of my property in Higham Ferrers ?
Extracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner