It is 10 years ago since I acquired my home in Oakham. Conveyancing lawyers have recently been retained on the sale but I can't find the deeds. Will this cause complications?
Don’t worry too much. First the deeds may be with your lender or they could be in the possession of the lawyers who acted in the purchase. Secondly in most cases the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Oakham relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I have been told that property searches are a common reason for hinderance in Oakham conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Oakham.
I'm buying a new build house in Oakham with a mortgage from Santander. The sellers would not budge the amount so I negotiated 6k of extras instead. The property agent told me not inform my conveyancer about this deal as it may jeopardize my mortgage 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.
I opted to have a survey done on a house in Oakham ahead of retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will refuse to grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Oakham. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are four weeks into a residential purchase having been recommend to conveyancers by the local agent to do our conveyancing in Oakham. I am am very frustrated with the quality of service. Can you help me find new lawyers?
They would need to be very bad in order to consider replacing them. Has the mortgage offer been generated? In the event that it has you must inform them of the new contact details and ensure the offer are re-issued. The solicitor ideally should be on the mortgage company panel to avoid escalating charges and frustration. So that should be your starting point. Our search tool can assist you in finding a lender approved conveyancer for your home move in Oakham
I am purchasing a garden apartment in Oakham. Conveyancing lawyer is awaiting, from the owner, building insurance paperwork. Earlier today I was advised that the owner must forward the insurance documents for the flat above as well. Why does my conveyancer need to check the insurance for the flat above? Is it really necessary? We have been stalled for the previous month…
It is not impossible in leasehold conveyancing in Oakham to find Conveyancing in Oakham in a minority of cases reveals that the lease requires the tenant's to insure their individual flats rather than the freeholder insuring the entire block - which is clearly better. You should contact your conveyancing practitioner but it would seem that your conveyancer is looking to verify that the entire building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt as a result of lack of insurance.