We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would much rather instruct a high street conveyancing solicitor in Putney?
Do check but the the likelihood is that give you one of their panel lawyers should you accept the "fee-free" deal. Call the lender and determine if they allow a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Putney.
A colleague advised me that if I am buying in Putney I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Putney conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Putney around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Putney.
I got the keys to my home on 10 July and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Putney advises it will be recorded inside ten days. Are properties in Putney uniquely lengthy to register?
As far as conveyancing in Putney is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can vary subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd persons or bodies. As of today roughly three quarters of such applications are completed within two weeks but some can be subject to longer hold-ups. Registration is effected once the buyer is living at the property thus an expedited registration is not usually top priority but where it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
I am buying my first flat in Putney with the aid of help to buy. The developers would not budge the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not inform my solicitor about the side-deal as it may jeopardize my mortgage with The Royal Bank of Scotland. 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.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Putney I like with a park and station in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Putney in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
For various reasons I am unable to attend my Putney conveyancing practitioners office to execute documents connected to my conveyancing in Putney – will this be problematic?
No. Putney conveyancing lawyers can conduct home moves for clients wider afield. It is not necessary for you to be able to attend a Putney conveyancers office. Almost all conveyancing practitioner can deal with all communications via post, email, telephone and fax.