We are due to exchange buying a property in Shotley Bridge but as a result of wreckage from the recent storms I have was able negotiate reparation from the seller of six thousand pounds taking the form of a deduction in the price. This was going to be addressed as part of a side agreement but Aldermore are not allowing this. Should they have been approached?
Your solicitor being on a Aldermore approved list is duty bound to advise Aldermore of any variations to the sale price. If you were to refuse your conveyancer to report the price change to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new solicitor for your conveyancing in Shotley Bridge.
My lawyer in Shotley Bridge is not on the Bank of Scotland Approved Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Bank of Scotland panel?
Your options are as follows:
- Complete the purchase with your preferred Shotley Bridge lawyers but Bank of Scotland will need to use a conveyancer on their list of acceptable firms. This will result in additional total conveyancing charges and cause delays.
- Choose a new lawyer to act in the purchase, obviously checking they are Bank of Scotland approved.
- Try to convince your Bank of Scotland solicitor to seek to join the Bank of Scotland panel
My wife and I are selling our property in Shotley Bridge and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Shotley Bridge conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a web based conveyancing practice rather than a conveyancing solicitor in Shotley Bridge. We have lived in Shotley Bridge for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? 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 health insurance to cover that same ailment)
I am buying my first flat in Shotley Bridge with the aid of help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not to tell my conveyancer about this side-deal as it will affect my loan with the lender. Should I keep quiet?.
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've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Shotley Bridge is the location of the property. Can you shed any light on this issue?
Flying freeholds in Shotley Bridge are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shotley Bridge you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shotley Bridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in Shotley Bridge cover?
Non domestic conveyancing in Shotley Bridge covers a broad range of services, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, 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 leases.