My partner and I are buying a newly constructed duplex in Bedmond and my conveyancer is advising me that she has to the mortgage company to disclose incentives from the seller. I am on a tight deadline to sign contracts and I don't want to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am buying a right to buy a flat in Bedmond. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bedmond 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 Bedmond.
A relative recommended that where I am purchasing in Bedmond I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Bedmond conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Bedmond around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bedmond Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Bedmond.
The deeds to my property can not be found. The conveyancers who did the conveyancing in Bedmond 4 years ago no longer exist. What are my next steps?
As long as the title is registered the details of your proprietorship will be retained by HMLR with a Title Number. It is easy to execute a search at the Land Registry, locate your property and obtain current copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I have been on the look out for a flat up to £235,500 and found one close by in Bedmond I like with open areas and transport links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Bedmond in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
As a leasehold owner I am liable for a maintenance fee for my ground floor flat in Bedmond. Due to redundancy and other issues I slipped behind with remittance. The managing agents agreed a payment plan but there remains around £2000 outstanding at the current time.
I am under pressure to dispose of the property and I am worried this can hold me back if I have to discharge the arrears in advance. I'd like to sell up and then pay them back with the completion monies - is this viable?
The lawyer conducting your Bedmond sale will hopefully be able to negotiate with the appropriate parties, and agree with them whether or not they would accept payment out of the completion monies. This is indicative of why it might be good to select a solicitor in Bedmond as they are likely to enjoy an established relationship with the parties.