I have given 2 months notice to my current landlord and have to vacate my rented property in Abbeymeads by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in three weeks as don't want to have to find temporary accommodation?
It is unwise to provide notice on a rental unless you have exchanged. If you have not already done so, contact to your conveyancer and ask them to they cajole the other lawyers, try to an acceptable time-line that everyone will aim to achieve
Will our lawyer be raising questions concerning flooding during the conveyancing in Abbeymeads.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Abbeymeads. There are those who purchase a house in Abbeymeads, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, however there are a numerous searches that can be undertaken by the buyer or by their lawyers which will give them a better appreciation of the risks in Abbeymeads. The conventional set of information given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to discover if the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the seller, then a buyer could issue a claim for damages resulting from an inaccurate response. The purchaser’s solicitors may also carry out an enviro search. This will higlight whether there is any known flood risk. If so, more detailed inquiries will need to be carried out.
The deeds to my property can not be found. The solicitors who handled the conveyancing in Abbeymeads 10 years ago are no longer around. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your solicitor will know precisely where to locate all the appropriate documentation so you may purchase or sell your property without any difficulty. If copies can’t be found, your solicitor can arrange cover in the form of insurance or indemnities against future claims on the premises.
I am buying my first flat in Abbeymeads with a mortgage from Bank of Ireland. The builders would not budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not to tell my solicitor about the extras as it will affect my mortgage with the bank. Should I keep quiet?.
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 opted to have a survey done on a house in Abbeymeads ahead of appointing solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some lenders may not give a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Abbeymeads. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Abbeymeads to see if the conveyancing costs will increase in light of this.
I am contemplating using a web based solicitor as opposed to a Abbeymeads conveyancing practice. Should I ‘stay local’?
Various benefits exist in having the opportunity to visit a local Abbeymeads conveyancing solicitor for instance
- signing documents on short notice
- getting one on one explanations of things that need explaining
- the ability to complain if matters need to addressed
When checking quotes, look carefully for hidden extras. Most decent Abbeymeads high street solicitors give an all-inclusive price. Often online agents appear to offer discounted fees, but have hidden 'extras' in the small print.