We are due to exchange on the purchase of a property in Boscastle but as a result of wreckage from the recent storms I have managed to agree compensation from the current proprietors of £3k in the form of a reduction in the price. This was going to be dealt with as part of a side agreement however Santander will not agree to this. Why were they approached?
Your conveyancing practitioner that is on a Santander approved list is duty bound to disclose to Santander of any amendments to the sale price. If you prohibit your lawyer to notify the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new solicitor for your conveyancing in Boscastle.
This question may be naive but I am unseasoned as FTB of a garden flat in Boscastle. Do I collect the keys to the house on the completion date from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Boscastle?
On the day of completion you do not need to attend the conveyancers office in Boscastle. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you will be able to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
Can you point me to a directory of Leeds Building Society panel conveyancers in Boscastle on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings visible on the web. Where you are in need of a Boscastle property lawyer on the Leeds Building Society please make the most of our tool.
My wife and I are in the throws of looking at houses in Boscastle and I am now considering a potential offer. Should I already have a conveyancing practitioner appointed at this stage? I will be getting a mortgage with Kent Reliance.
It would be prudent to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
I have todaybecome aware that Wolstenholmes have closed. They carried out my conveyancing in Boscastle for a purchase of a leasehold flat 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Boscastle conveyancing specialists.
I'm buying my first flat in Boscastle with the aid of help to buy. The developers refused to move on the price so I negotiated 6k of additionals instead. The sale representative told me not reveal to my solicitor about this extras as it may affect 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 have been on the look out for a flat up to £305k and found one round the corner in Boscastle I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Boscastle suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Should I use a Boscastle conveyancing solicitor based in the area that I am buying? I have an old university friend who can perform the legal formalities however his firm is located approximately 350kilometers drive away.
The benefit of a high street Boscastle conveyancing firm is that you can pop in to execute paperwork, deliver your identification documents and pester them where appropriate. They will also have local insight which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were happy that must trump using an unknown Boscastle conveyancing solicitor just because they are round the corner.