I am soon to exchange buying a property in Putney but as a consequence of wreckage from the recent storms I have was able negotiate recompense from the current proprietors of £3k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement but UBS are not allowing this. Should they have been informed?
Your property lawyer being on a UBS approved list is duty bound to advise UBS of any changes to the sale price. If you prohibit your lawyer to notify the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new property lawyer for your conveyancing in Putney.
Do lawyers ask for money up-front when it comes to conveyancing in Putney?
If you are buying a property in Putney your solicitor will request that you put them with monies to cover the search fees. Ordinarily this is requested to cover the fees of the conveyancing searches. If any deposit is as part of the purchase price then this will be asked for shortly before exchange of contracts. The final balance that is due will be payable a few days prior to the day of completion.
I need some quick conveyancing in Putney as I have a deadline to exchange contracts in less than 3 weeks. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are not getting a home loan you have the choice not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Putney the following are examples of what can appear and therefore affect market value: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
three months have elapsed following my purchase conveyancing in Putney took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Putney with a loan from TSB. The builders refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not inform my lawyer about this side-deal as it will adversely affect my loan with TSB. 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.
My step-father has recommend that I use his lawyers for conveyancing in Putney. Should I use them?
Much as we are happy to recommend a Putney conveyancing lawyer the ideal way to select a conveyancing lawyer is to have referrals from friends or family who have previously instructed the conveyancer that you are considering.