Do the conveyancing lawyers identified via your search tool handle attended exchange conveyancing in Morpeth?
There are a few conveyancing experts who can conduct personalised exchanges. You should e-mail us to get a fee calculation and details as to availability.
A friend advised me that where I am purchasing in Morpeth I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Morpeth conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Morpeth around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Morpeth Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Morpeth.
Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who did the conveyancing in Morpeth 4 years ago are no longer around. What are my next steps?
These day there are copies made of almost everything, and your conveyancer will know exactly where to locate all the relevant documentation so you can purchase or sell your house without a hitch. Where duplicates can’t be found, your lawyer may be able to arrange cover in the form of insurance or indemnities against future claims on the premises.
I'm purchasing a new build house in Morpeth benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of extras instead. The house builders rep suggested that I not inform my solicitor about the extras as it may put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
Over the last few months I have been searching for a flat up to £305k and identified one round the corner in Morpeth I like with a park and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Morpeth suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am short of a 10% deposit on my house purchase in Morpeth , but I still want to exchange. What can I do?
One option is to try and agree a lower deposit. Many sellers will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment