My husband and I are only a couple days away from an exchange on a house in Sawbridgeworth and my parents have transferred the ten percent deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your lawyer is legally required to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying firms on the Bank of Ireland conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Sawbridgeworth?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sawbridgeworth.
I am selling our house in Sawbridgeworth and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Sawbridgeworth conveyancer would know this is not the case. For the life of me I don't know why the buyers are using an online conveyancing firm as opposed to a conveyancing solicitor in Sawbridgeworth. Having lived in Sawbridgeworth for three years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of 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 sickness)
I am purchasing my first flat in Sawbridgeworth benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent told me not reveal to my lawyer about the extras as it will impact my loan with Barclays Direct. 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.
My husband and I are first time buyers - agreed a price, but the selling agent told us that the owners will only issue a contract if we appoint their preferred solicitors as they need a ‘quick sale’. We would rather use a local conveyancer accustomed to conveyancing in Sawbridgeworth
We suspect that the seller is unaware of this demand. If they require ‘a quick sale', alienating a genuine buyer is likely to cause more damage than good. Contact the vendors directly and make the point that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)however you intend to appoint your preferred Sawbridgeworth conveyancing lawyers - not the ones that will earn their negotiator at the agency a introducer fee or meet his conveyancing figures set by HQ.
I own a leasehold flat in Sawbridgeworth. Conveyancing and Skipton Building Society mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Sawbridgeworth who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. It is not necessary to instruct a Sawbridgeworth conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a split level flat in Sawbridgeworth, conveyancing having been completed 3 years ago. How much will my lease extension cost? Comparable flats in Sawbridgeworth with a long lease are worth £165,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2104
With just 78 years remaining on your lease the likely cost is going to be between £7,600 and £8,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.