I have given 8 weeks notice to my existing landlord and must vacate my let out property in Wadhurst by the end of next month. Conveyancing on my purchase has just started. Can I complete in three weeks as I wish to avoid having to move into short term accommodation?
It is unwise to provide notice on a rental unless you have exchanged. If you have not already done so, notify to your conveyancer and urge them to they cajole the sellers lawyers, try to an acceptable time-line that all parties will aim towards
My brother-in-law has suggested I instruct a conveyancing solicitor in Wadhurst. I I am struggling to find out if they are on the Godiva Mortgages Ltd approved list of lawyers. Can you advise?
You should e-mail the solicitor and ask them whether they are on the lender panel. Alternatively please get in touch with Godiva Mortgages Ltd who may be able to help.
My husband and I are spending time viewing houses in Wadhurst and I am now considering a potential offer. Should I already have a lawyer in place at this point? I am planning to take a mortgage with UBS.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are getting a mortgage with UBS, ask your prospective lawyers if they are on the UBS conveyancing panel otherwise they can't do the mortgage legal work.
I am selling my house. I had a double glazing fitted in December 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nationwide are being pedantic. The Wadhurst solicitor who is on the Nationwide conveyancing panel is saying indemnity insurance will be fine but Nationwide are requiring a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I was told three weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Wadhurst is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some fast conveyancing in Wadhurst as I have an ultimatum to sign on the dotted line inside one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash purchaser you are at liberty not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Wadhurst the following are instances of issues that can crop up and therefore impact the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
I'm purchasing my first flat in Wadhurst benefiting from help to buy. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about this side-deal as it may adversely affect my loan with the bank. 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.
Do you have any advice for leasehold conveyancing in Wadhurst with the intention of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Wadhurst can be reduced if you get in touch lawyers as soon as your agents start marketing the property and ask them to collate the leasehold information which will be required by the purchasers’ solicitors. If you hold a share in a the Management Company, you should make sure that you hold the original share document. Organising a re-issued share certificate is often a time consuming formality and slows down many a Wadhurst conveyancing transaction. If a duplicate share certificate is required, do contact the company officers or managing agents (if relevant) for this sooner rather than later. Many freeholders or managing agents in Wadhurst charge for providing management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Wadhurst. If you have had any disputes with your freeholder or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be warry about purchasing a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to reveal the dispute as historic rather than ongoing.
Leasehold Conveyancing in Wadhurst - Examples of Queries before buying
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Many Wadhurst leasehold properties will be liable to pay a service bill for maintenance of the building set on behalf of the management company. Should you acquire the flat you will have to meet this contribution, usually in instalments during the year. This can vary from a few hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent for you to pay annual, this is usually not a significant sum, say around £50-£100 but you need to check it because sometimes it could be many hundreds of pounds. Is anyone aware of any major works anticipated that will increase the maintenance fees?