Our solicitor has uncovered a defect with the lease for the property we are purchasing in Plumstead. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancer has advised that he must check that the lender is happy with this solution. Are we the client or is the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. The appropriate lender specifications must be adhered to.
We hope to to purchase with Earl Shilton BS. I went into a couple of local practices but cant to find a Plumstead conveyancing firm on the Earl Shilton BS approved list. Can you help?
You should take advantage of the search tool on this page. Pick the mortgage company and type Plumstead or your location and you will be presented with a number of lawyer located in Plumstead or near you.
Should commercial conveyancing searches reveal planned roadworks that could impact a commercial premises in Plumstead?
Many commercial conveyancing solicitors in Plumstead will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Plumstead. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Plumstead.
For each commercial conveyancing transaction in Plumstead it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Plumstead commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Plumstead.
Just acquired a semi-detached house in Plumstead , how long will it take for the Land Registry to record my title? My Plumstead conveyancing solicitor has been very slow, so I want to check that my purchase is registered.
As far as conveyancing in Plumstead registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ depending on who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. Currently in the region of three quarters of such applications are fully dealt with within 12 days but occasionally there can be extensive hold-ups. Registration is effected once the buyer is living at the premises thus post completion formalities is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor should speak with the land registry and explain the circumstances.
I am buying my first flat in Plumstead with a mortgage from National Westminster Bank. The builders refused to move on the price so I negotiated 6k of additionals instead. The house builders rep advised me not inform my conveyancer about the deal as it could affect my loan with National Westminster Bank. Should I keep quiet?.
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.
My husband and I are novice buyers - had an offer accepted, yet the selling agent advised that the seller will only move forward if we use the agent's preferred conveyancers as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer accustomed to conveyancing in Plumstead
It is unlikely the vendors are behind this. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is likely to cause more damage than good. Try to communicate with the owners directly and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you will continue to use your own,trusted Plumstead conveyancing lawyers - not the ones that will give the negotiator at the agency a referral fee or achieve conveyancing thresholds set by HQ.