We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to use a Laindon based conveyancing firm?
You should check but the the probability is that appoint one of their panel lawyers where you accept the "fee-free" incentive. Call the lender and determine if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Laindon.
The deeds to my house are lost. The conveyancers who conducted the conveyancing in Laindon 5 years ago no longer exist. What are my next steps?
Assuming the title is registered the information relating to your ownership will be held by HMLR with a Title Number. It is possible to execute a search at the Land Registry, locate your house and secure current copies of the property title for a small fee. If the property is Leasehold then the Land Registry will also normally retain a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
I'm purchasing my first flat in Laindon with a loan from Yorkshire Building Society. The builders refused to move on the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not inform my conveyancer about this extras as it would affect my loan with the lender. 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.
Due to the advice of my in-laws I had a survey completed on a house in Laindon before instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders may not grant a mortgage on such a house.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Laindon. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my current property to a buy to let loan with Godiva Mortgages Ltd and intend to use the remaining equity as a deposit on a second property. The area we are talking about is Laindon. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Do use our comparison tool on this site to check that the conveyancers are on the relevant lender panels. Assuming that they are the solicitor will be able to connect the two transactions but you should have a chat with you conveyancer and make clear your desired outcome and requirements.
What is the distinction between surveying and conveyancing in Laindon?
Conveyancing - in Laindon or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to remedy the problems prior to you complete your move.