We hope to to purchase with Loughborough BS. We have called around locally but cant to find a New Forest conveyancing firm on the Loughborough BS panel. Could you help?
Feel free to make the most of the find a lender approved solicitor tool on this site. Please choose the building society and type New Forest or your preferred area and you will see numerous conveyancers offices in New Forest or nearest you.
My wife and I have a renovated Georgian property in New Forest. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be 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 New Forest and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the work.
I'm purchasing my first flat in New Forest benefiting from help to buy. The builders refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about this side-deal as it may adversely affect my mortgage with Coventry Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the guidance of my in-laws I had a survey completed on a house in New Forest ahead of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will refuse to give a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in New Forest. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in New Forest to see if the conveyancing costs will increase in light of this.
I'm refinancing my existing house to a buy to let loan with Nottingham Building Society and I will use the ballance of the raised equity as a deposit on another house. The location we are talking about is New Forest. Will your solicitors be able to act for the two lenders and tie in the two deals?
Do use our comparison tool on this page to check that the conveyancers are approved by both mortgage companies. On the basis that they are your lawyer should be able to tie up the two transactions but you should talk with you conveyancer and make clear your expectations and requirements.
Me and my wife have agreed a price on a New Forest flat we inherited 5 years ago in 2010. I have over a decades worth of conveyancing knowledge and, now retired, see no reason not to do the conveyancing. The purchaser's solicitor has informed me that their mortgage company will not allow you to do your own conveyancing requiring the funds to be transferred to a solicitor's bank account.
Lending instructions to lawyers from all CML members state that If the vendor is not legally represented the borrower's lawyers should check whether the bank needs to be informed so that a decision can be reached if they are willing to move forward.