It has come to my attention via my financial adviser that my Market Bosworth property lawyer is not on the lender Solicitor panel. How can I be sure that this is correct?
You need to contact your Market Bosworth lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they may be able to suggest a Market Bosworth conveyancing firm that is on the conveyancing panel for your lender.
My wife and I are approaching an exchange on a house in Market Bosworth and my mum and dad have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The lawyer is obliged to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial estate in Market Bosworth?
Its becoming the norm that commercial conveyancing solicitors in Market Bosworth will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Market Bosworth. The report provides definitive information 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 Market Bosworth.
For each commercial conveyancing transaction in Market Bosworth it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Market Bosworth commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Market Bosworth.
I am purchasing my first flat in Market Bosworth with a mortgage from Chelsea Building Society. The sellers would not budge the price so I negotiated £7000 of additionals instead. The property agent told me not inform my lawyer about the extras as it may put at risk my mortgage 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 opted to have a survey carried out on a house in Market Bosworth ahead of instructing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some banks may refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to 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 Market Bosworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Market Bosworth to see if the conveyancing will be more expensive.
My company is looking to lease a unit on a shopping parade. Can you recommend solicitors offering fixed fees for non-domestic conveyancing in Market Bosworth for under 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Market Bosworth, including the sale and acquisition of businesses as well as simply property. Whether you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. Regarding the fees these will vary based on the structure and complexity of the proposed transaction. Let us have your details or telephone so as to enable us to provide you with a fixed commercial conveyancing calculation.