I am buying a property for cash in Milford Haven. I have been living for the last Seventeen years in Milford Haven. Conveyancing searches are exorbitant. Given that I have knowledge of the area and road very well must I have all the conveyancing searches?
In the absence of a home loan, then almost all of the Milford Haven conveyancing searches are at your discretion. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches carried out, but she is duty bound to do this. One thing to take into account; if you are going to dispose of the house one day, it may be of importance to your prospective purchaser what the searches contain. There are plenty of instances where premises with no practical issues can still show up adverse search results. A competent conveyancing solicitor in Milford Haven should provide you some sensible guidance in this regard.
I have 7378 less than 75 years remaining on my lease and need a lease extension for my apartment in Milford Haven. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/11/2024 the requirements read as follows :
A relative suggested that where I am purchasing in Milford Haven I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Milford Haven conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Milford Haven around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Milford Haven Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Milford Haven Education with plans and statistics, Local Amenities and other useful data regarding Milford Haven.
I'm buying a new build house in Milford Haven with the aid of help to buy. The builders would not reduce the price so I negotiated 6k of additionals instead. The estate agent suggested that I not disclose to my solicitor about this deal as it could jeopardize my mortgage 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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Milford Haven is the location of the property. Is there any advice you can give?
Flying freeholds in Milford Haven are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Milford Haven you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Milford Haven 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 property.
My friend mentioned that when selecting a conveyancing firm they must be approved by your lender. It happens to be my first home move but I have an AIP via Santander and I already have a local conveyancing lawyer in Milford Haven at the ready. Does Birmingham Midhshires need an approved conveyancer to be selected? Does a list of panel solicitors even exist so I can pick a conveyancing lawyer in Milford Haven?
You should instruct a solicitor that is on the Birmingham Midhshires panel. Simply ring your chosen Milford Haven conveyancing lawyer and ask if they are on the Birmingham Midhshires panel. If they are not approved you have numerous choices open to you here:
- Proceed with your preferred Milford Haven lawyer but Birmingham Midhshires will need to use a conveyancing practitioner from their approved panel. This will result in additional charges and likely frustration.
- Choose a fresh conveyancer to conduct the conveyancing, making sure they are on the Birmingham Midhshires conveyancing panel.
- Convince your conveyancing practitioner to do everything within their powers to join the Birmingham Midhshires panel of solicitors.