My wife and I are soon to complete buying a house in Iver but as a result of wreckage from the recent storms I have was able negotiate recompense from the current proprietors in the sum of £3k in the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet UBS are not allowing this. Should they have been approached?
The lawyer being on a UBS conveyancing panel is required to advise UBS of any variations to the sale price. If you prohibit your conveyancing practitioner to notify the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new lawyer for your conveyancing in Iver.
I am aiming to move property in October. Should my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you recommend a removal company in Iver. Conveyancing firm was organised before I stumbled across your page.
On the day of completion you will need to pick up the house keys from your property agent however this should only be done after the vendors conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be released. After that you will need to tell the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can help you locate a conveyancing in Iver or a solicitor with expertise in conveyancing in Iver.
I happen to be the single recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Iver. Conveyancing formalities meant that the Land Registry date was in July. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my property ownership will be treated the same way as if I'd bought the house in July. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement primarily exists to identify the purchase and immediately sell or the flipping of properties.
is it true that all Iver solicitor practices on the Yorkshire BS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Yorkshire BS conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of lenders do list licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
My wife and I own a terraced Georgian property in Iver. Conveyancing practitioner acted for me and Santander. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be 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 Iver and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing lawyer who completed the work.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Iver is the location of the property. What do you suggest?
Flying freeholds in Iver are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Iver you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Iver may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I was advised by two or three local selling agents in Iver to find a solicitor on your site. What’s the financial upside for Estate Agents to market your services over and above another?
We don’t make any commission for sending work our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I dont have enough spare funds to pay a 10% deposit on my house purchase in Iver , but I still want to go ahead. Do I have options?
You can accept a lower deposit. Most vendors will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment