Would the conveyancing solicitors that you recommend perform conveyancing in Southam by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. Please e-mail us to receive a costs illustration and details as to dates.
Do all mortgage companies provide you with an approved list of Southam conveyancing solicitors? How do you know who is on the Principality conveyancing panel?
Southam conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
I am buying a new build house in Southam benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of additionals instead. The sale representative told me not to tell my solicitor about this deal as it may jeopardize my mortgage with the bank. Is this normal?.
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 opted to have a survey done on a property in Southam before appointing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not give a loan on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southam. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southam to see if the conveyancing will be more expensive.
What is different about your site and other internet conveyancing brokers when it comes to conveyancing in Southam?
At this site receive an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Southam. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your conveyancing in Southam
Last October I purchased a leasehold flat in Southam. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Southam - A selection of Queries Prior to Purchasing
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Please tell me if there are any major works in the near future that could increase the maintenance charges? This question is useful as a) areas can result in problems for the block as the communal areas may start to deteriorate if services remain unpaid b) if the leasehold owners have an issue with the managing agents you will need to have complete disclosure