I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in Houghton Le Spring? or I am told that there is historic law that means some owners of property residing in a parish church boundary will be compelled to contribute towards maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Houghton Le Spring?
Unless a previous purchase of the premises took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Houghton Le Spring to remain encouraging a chancel search and or insurance against a claim.
I own a semi-detached Victorian property in Houghton Le Spring. Conveyancing lawyer acted for me and Halifax. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. Is it worth asking Halifax to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Houghton Le Spring and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who carried out the work.
I am purchasing my first flat in Houghton Le Spring with a mortgage from Barclays . The sellers would not reduce the price so I negotiated 6k of extras instead. The house builders rep advised me not reveal to my conveyancer about this side-deal as it could affect my mortgage with the lender. Is this normal?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Houghton Le Spring prior to instructing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders will not grant a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Houghton Le Spring. Conveyancing may be slightly more expensive based on your lender's requirements.
I was advised by numerous property agents in Houghton Le Spring to get a quote from a conveyancer on your site. What’s the financial advantage for Estate Agents to market your lawyers ahead of a competitor’s?
We don’t offer any commission for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
The mortgage broker has recommended their conveyancing practitioner for the conveyancing in Houghton Le Spring - Is it not simpler advisable to just instruct them?
It is worth checking if the estate agent is recommending a property lawyer or introducing to a property lawyer. There are plenty of Houghton Le Spring estate agents who recommend two or three Houghton Le Spring conveyancing firms and get nothing from it.