My husband and I are buying residence in Radcliffe. My Solicitor is not on the lender conveyancing panel. Is it possible for me to retain my Radcliffe conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
You must appoint a conveyancer to deal with the legal work required if you take out a mortgage to buy your home. They will carry out all the relevant legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is in place. One may appoint a Radcliffe conveyancing practitioner of your choice. Nevertheless, if the property lawyer appointed is not a member of the bank solicitor panel supplemental fees will be levied as separate legal representation will be need by the lender. Bank panel applications can be submitted, so where your conveyancer has not in the past applied for membership they can do so.
My wife and I are close to exchanging contracts on the sale of our house in Radcliffe and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers used an online conveyancing firm as opposed to a conveyancing solicitor in Radcliffe. Having lived in Radcliffe for 5 years we know that this is a non issue. Do we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I have justdiscovered that Stirling Law have closed. They conducted my conveyancing in Radcliffe for a purchase of a freehold house 9 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Radcliffe conveyancing specialists.
I am buying my first flat in Radcliffe with a loan from Norwich and Peterborough Building Society. The sellers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not inform my conveyancer about this side-deal as it would impact my loan with the lender. 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 completed on a property in Radcliffe before appointing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Radcliffe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Radcliffe to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Radcliffe cover?
Commercial conveyancing in Radcliffe covers a wide range of advice, supplied by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.