Can you help? My Seahouses solicitor is advising me that he is legally obliged toorder Seahouses conveyancing searches asthe firm are on the Nat Westconveyancing panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the CML Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Seahouses conveyancing searches.
We are purchasing a house and the conveyancer has identified Chancel Repair to which the house may be obligated to pay as it falls into the area of such a church. She has suggested insurance. Is this really required for conveyancing in Seahouses
Unless a previous acquisition of the house completed post 12 October 2013 you can expect solicitors handling conveyancing in Seahouses to remain recommending a chancel search and or chancel repair liability policy.
I am buying a new build house in Seahouses benefiting from help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about the deal as it could jeopardize my loan with the bank. 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 ground for flat up to £245,000 and identified one round the corner in Seahouses I like with amenity areas and station in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Seahouses suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I am looking into buying my first house which is in Seahouses and I am already nervous. I couldn't find anything specific about Seahouses. Conveyancing will be needed in due course but do you know about the Seahouses area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Seahouses. In the meantime here are some basic statistics that we found
My cousin is purchasing a ground floor flat in Seahouses. He has received a fee estimate by the conveyancing practitioner suggested by the estate agents and it came to £1385 . It was ten years ago since I sold and purchased a home and the fee was £440. Have charges really increased to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Seahouses searches, land registry fees, etc)