I have paid off my mortgage with UBS. I assume I don't need a Rotherham lawyer on the UBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Rotherham. I have a mortgage agreed with TSB. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
About to purchase maisonette in Rotherham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Rotherham lawyer is on the Principality conveyancing panel.
A colleague recommended that where I am purchasing in Rotherham I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Rotherham conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Rotherham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Rotherham Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Rotherham Education with plans and statistics, Local Amenities and other useful data about Rotherham.
I'm purchasing a new build house in Rotherham benefiting from help to buy. The developers refused to move on the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my solicitor about this extras as it could jeopardize my mortgage with Barclays Direct. Should I keep quiet?.
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 flat up to £235,500 and found one round the corner in Rotherham I like with amenity areas and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Rotherham suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage that many years will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I am looking to sell my home. My past conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Rotherham if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Rotherham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I need to consider estimates for conveyancing in Rotherham from three conveyancing practitioner and choose one. Should I tell them to hold tight until I a suitable apartment to buy.
You should wait to get your property lawyer to start work and submit searches after the offer has been agreed to on the property especially as Rotherham conveyancing searches are costly.