I am purchasing a property without a mortgage in Maidenhead. I have been living for the last dozen years in Maidenhead. Conveyancing searches are a lot of money. As I know the area and road intimately must I have all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Maidenhead conveyancing searches are non-obligatory. Your lawyer will try and sway you, no-doubt strongly, that you should have searches completed, but she is duty bound to take that path of advice. Do consider; if you are likely to dispose of the house in the future, it will be of relevance to your prospective purchaser what the searches determine. There are plenty of instances where premises with day to day issues can still throw up negative search results. A good conveyancing solicitor in Maidenhead should provide you some constructive advice here.
I had intended to instruct a conveyancing solicitor in Maidenhead for our house move. Our financial adviser informed us that our bank Godiva Mortgages Ltd won't deal with them. Surely this is unduly restrictive?
A lender may insist on an approved solicitor act for it. You would be expected to bear the cost of this. Try using our directory service to choose a solicitor to carry conveyancing in Maidenhead on the Godiva Mortgages Ltd approved list of solicitors.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Maidenhead?
Its becoming the norm that commercial conveyancing solicitors in Maidenhead will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Maidenhead. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Maidenhead.
For each commercial conveyancing transaction in Maidenhead it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Maidenhead commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Maidenhead.
I'm purchasing a new build house in Maidenhead with a loan from Birmingham Midshires. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not disclose to my solicitor about this extras as it would affect my mortgage with Birmingham Midshires. 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Maidenhead I like with amenity areas and transport links in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Maidenhead in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
I was told by my bank that their panel conveyancers work on no move no charge basis for conveyancing in Maidenhead. I had a purchase abort and now the conveyancers have invoiced for search fees! They are stating that the fees are independent!
Maidenhead conveyancing search costs are disbursements not legal costs as these are due to independent parties.