Why do I have to pay up front for conveyancing in Hingham?
If you are buying a property in Hingham your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the sale price then this should be asked for immediately before contracts are exchanged. The closing balance that is needed should be transferred a few days prior to the day of completion.
We hope to to buy with Norwich and Peterborough Building Society. I called into 3 or 4 local practices yet am struggling to find a Hingham conveyancing firm on the Norwich and Peterborough Building Society panel. Can you assist?
You should take advantage of the find a conveyancing panel solicitor tool on this page. Pick the mortgage company and type Hingham or your preferred area and you will discover numerous conveyancers located in Hingham or by proximity to you.
Are there restrictive covenants that are commonly identified during conveyancing in Hingham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hingham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Hingham with the aid of help to buy. The builders would not move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not reveal to my conveyancer about this side-deal as it will jeopardize my loan 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.
I have been recommended by a number of selling agents in Hingham to locate a solicitor on your site. Is there a financial advantage for Estate Agents to promote your lawyers rather than another?
We refuse to offer any financial incentive for sending work our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Back In 2005, I bought a leasehold flat in Hingham. Conveyancing and Santander mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Hingham who previously acted has long since retired. Any advice?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Hingham conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Hingham - A selection of Questions you should ask Prior to buying
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What is the maintenance charge and ground rent on the flat? Are any of leasehold owners in dispute over their service charge liability? Is the freehold reversion owned jointly by the leaseholders?