Me and my partner are soon to exchange on the purchase of a house in Brighouse and Rastrick but as a result of wreckage from the recent storms I have managed to agree recompense from the owner in the sum of £2k in the form of a deduction in the price. This was going to be addressed as part of a side agreement however Leeds Building Society will not permit this. Why were they approached?
The conveyancing practitioner being on a Leeds Building Society conveyancing panel is obliged to disclose to Leeds Building Society of any amendments to the sale price. If you were to refuse your conveyancing practitioner to notify the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new lawyer for your conveyancing in Brighouse and Rastrick.
Will my lawyer be raising enquiries about flooding as part of the conveyancing in Brighouse and Rastrick.
The risk of flooding is if increasing concern for solicitors dealing with homes in Brighouse and Rastrick. Plenty of people will purchase a property in Brighouse and Rastrick, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a numerous searches that may be initiated by the purchaser or by their conveyancers which should give them a better appreciation of the risks in Brighouse and Rastrick. The standard information given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the seller to find out if the premises has ever been flooded. If the property has been flooded in past and is not notified by the owner, then a buyer may commence a legal claim for losses as a result of such an incorrect answer. A buyer’s conveyancers may also commission an environmental report. This will indicate if there is any known flood risk. If so, further investigations should be carried out.
I have recentlydiscovered that Stirling Law have closed. They carried out my conveyancing in Brighouse and Rastrick for a purchase of a leasehold flat 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest method to check if the property is registered to you, 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 Brighouse and Rastrick conveyancing specialists.
I'm buying a new build house in Brighouse and Rastrick with the aid of help to buy. The builders refused to reduce the price so I negotiated 6k of additionals instead. The property agent told me not reveal to my lawyer about this deal as it could adversely 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Brighouse and Rastrick is where the house is located. Is there any advice you can give?
Flying freeholds in Brighouse and Rastrick are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brighouse and Rastrick you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brighouse and Rastrick may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been sourcing a conveyancing solicitor in Brighouse and Rastrick for my purchase. Can I review a solicitor's complaints history with the legal regulator?
One can review documented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.