The South Cave conveyancing firm handling our South Cave conveyancing has spotted a difference between the assumptions in the valuation report and what is in the legal papers for the property. My lawyer informs me that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I'm purchasing a new build house in South Cave with a loan from Halifax. The sellers refused to move on the price so I negotiated £7000 of additionals instead. The property agent advised me not reveal to my lawyer about the extras as it may put at risk my mortgage with Halifax. Do I keep my lawyer in the dark?.
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.
How do I search for a South Cave law firm on the Nottingham Building Society conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the conveyancer.
You can use the search on this page. Please choose the bank and your location and you will see a number of South Cave conveyancing lawyers locally. We have listed some South Cave conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Nottingham Building Society panel
We are 14 days into a leasehold purchase having been referred to conveyancers by the estate agent to execute conveyancing in South Cave. I am am starting to be disappointed with the level of service. Could you help me find new conveyancers?
A lawyer would have to be really poor in order to consider replacing them. Has your mortgage been sent? In the event that it has you need to inform them of the replacement solicitor and have the mortgage documents are re-issued. Your new conveyancer needs to be on the banks panel to avoid supplemental costs and complications. So that should be your first question of the new lawyers. The search tool should assist you in finding a bank approved conveyancer for your conveyancing in South Cave
Back In 2009, I bought a leasehold house in South Cave. Conveyancing and Barnsley Building Society mortgage went though with no issue. 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 South Cave who acted for me is not around. Any advice?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a South Cave conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a ground floor flat in South Cave, conveyancing having been completed September 2009. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in South Cave with over 90 years remaining are worth £190,000. The ground rent is £65 charged once a year. The lease terminates on 21st October 2086
You have 61 years remaining on your lease the likely cost is going to range between £18,100 and £20,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
My husband and I have recently had a bid accepted on our 1st house in South Cave, and are about to get solicitors instructed. I have utilised the numerous comparison tools and the results are from all across the the UK. Is it essential to have a South Cave conveyancing practitioner local to your prospective new home? We are content to do everything electronically, but I guess at some point we will be required to visit the conveyancing practitioner's office to sign papers?
Usually there is no requirement to attend the office of your conveyancer, they can post any relevant papers to you, which you can sign and return. Many home movers choose to use a locally based solicitor, but it is not a prerequisite for conveyancing in South Cave.