Do the conveyancing practitioners listed on your site carry out auction conveyancing in Needham Market?
We know of a few niche practitioners we can put you in touch with those specialising in auction conveyancing. Needham Market is one of hundreds of areas of where our lawyers are based.
In what way does my ID and proof of funds have anything to do with my conveyancing in Needham Market? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you are required to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you are unwilling to hand over identification documents, your conveyancer can not take you on as a client.
Are there restrictive covenants that are commonly identified as part of conveyancing in Needham Market?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Needham Market. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Needham Market with a loan from Platform Home Loans Ltd. The developers refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not to tell my lawyer about this deal as it may adversely affect my loan 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Needham Market is where the house is located. What do you suggest?
Flying freeholds in Needham Market are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Needham Market you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Needham Market 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 residence.
What does commercial conveyancing in Needham Market cover?
Commercial conveyancing in Needham Market incorporates a broad range of advice, offered by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.