Do conveyancers request money on account for conveyancing in Maxton?
If you are buying a property in Maxton your lawyer will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the total price then this should be asked for shortly in advance of exchange of contracts. The final balance that is due should be transferred a couple of days prior to the day of completion.
I am the only beneficiary of my late mum's estate and I have everything in my name alone, including the house in Maxton. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the house in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most lenders would take a practical view as this requirement is principally there to capture the purchase and immediately sell or the quick reselling of properties.
We had instructed conveyancers based in Maxton on the Virgin Money solicitor panel. They are now charging me a further charge for dealing with the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer is entitled to levy a fee for this. The fee is not set by Virgin Money but by your Maxton conveyancer. Numerous firms on the Virgin Money panel will charge an ‘acting for lender’ fee but some practices incorporate it on their overall fee.
I am currently in the process of buying my council flat in Maxton. I have a mortgage offer with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
My friend advised me that if I am purchasing in Maxton I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Maxton conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Maxton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Maxton.
My wife and I have a semi-detached Edwardian property in Maxton. Conveyancing lawyer acted for me and TSB. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maxton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who completed the work.
I am buying my first flat in Maxton with a loan from Nationwide Building Society. The developers would not budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not to tell my lawyer about this extras as it may affect my mortgage with Nationwide Building Society. Should I keep quiet?.
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 need to appoint a conveyancing solicitor for some conveyancing in Maxton. I've chance upon a site which seems to have the ideal answer If it is possible to get all this stuff completed via email that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?