I am in a contract race with another prospective purchaser for a property in Thorpe St Andrew. What can I do to expedite the legal process?
Where the seller is applying a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will have local relationships and intelligence. It is even conceivable that they may have conducted previoushomes in the same road. You would be best advised to use a Thorpe St Andrew conveyancing solicitor. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that nearly one in five of Thorpe St Andrew conveyancing transactions are frustrated or derailed after discovering a buyer’s conveyancer was not on their banks member panel. In many cases this discovery resulted in the legal transfer of property being frustrated by an average of three weeks. It is believed that this issue impacts in the region of 100,000 home moves every year. Many Thorpe St Andrew conveyancing firms can not act for certain banks so do check at the outset.
Having sold my house in Thorpe St Andrew last March yet the purchaser is telephoning daily to moan that his conveyancer needs to hear from mysolicitor. What are the post completion sale legalities following completion?
After completion of your sale your conveyancer should forward the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where relevant, your conveyancer should also send confirmation that the mortgage has been discharged to the purchasers lawyers. There are no post completion procedures unique to conveyancing in Thorpe St Andrew.
I am purchasing a new build flat in Thorpe St Andrew. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Thorpe St Andrew you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Thorpe St Andrew.
I'm buying my first flat in Thorpe St Andrew with a loan from Barclays Direct. The developers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not inform my conveyancer about this side-deal as it would put at risk my loan with the lender. 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.
I am looking for a ground for flat up to £305k and found one round the corner in Thorpe St Andrew I like with open areas and railway links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Thorpe St Andrew suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Am in the process of purchasing my 1st home in Thorpe St Andrew. Conveyancing solicitor already chosen. The broker pointed out that a survey is not necessary as the property was only built in 2001.
As the bare minimum you need a Home Buyer's Report. Given the residence is more than ten years old the property will not benefit from a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may suffice. They will highlight any apparent problems and suggest additional investigation if appropriate. If there are any signs of problems obtain a comprehensive structural survey.