It is a dozen years since I acquired my home in Cambridgeshire. Conveyancing lawyers have recently been retained on the sale but I can't track down the deeds. Will this jeopardise the sale?
Don’t worry too much. First the deeds may be retained by your mortgage company or they could be archived with the lawyers who oversaw your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Most conveyancing in Cambridgeshire relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
There are a variety of conveyancing solicitors in Cambridgeshire but how do I know who I should use?
We would encourage you not to go for the cheapest Cambridgeshire conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
This question may be naive but I am new to the process as FTB of a garden flat in Cambridgeshire. Do I collect the keys to the property on the completion date from my solicitor? If this is the case, I will use a local conveyancing solicitor in Cambridgeshire?
On the day of completion you will not be required to attend the conveyancers office in Cambridgeshire. Your solicitors will transfer the purchase money to the vendor’s solicitors, and once they have received this, you should be able to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
We are due to move property in June. Does my conveyancing solicitor communicate with the removal company on the completion day. On a separate note, can you put forward a removal company in Cambridgeshire. Conveyancing firm was organised before I stumbled across this page.
On the day of completion you will need to collect the house keys from the selling agent but this can only take place after the sellers conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. After that you should inform the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can help you choose a conveyancing in Cambridgeshire or a legal practice with expertise in conveyancing in Cambridgeshire.
I am purchasing a new build house in Cambridgeshire with a mortgage from Nottingham Building Society. The sellers refused to budge the price so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my lawyer about this side-deal as it may put at risk my mortgage with the bank. Is this normal?.
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.
I opted to have a survey done on a house in Cambridgeshire in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cambridgeshire. Conveyancing may be slightly more expensive based on your lender's requirements.
We are a couple of weeks into a leasehold purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Cambridgeshire. I am not happy. Could you you assist me in finding new conveyancers?
A lawyer would need to be very poor in order to consider replacing them. Has your loan offer been generated? In the event that it has you need to inform them of the new conveyancer and ensure the loan are re-issued. Your solicitor ideally needs to be on the mortgage company approved list to avoid escalating expenses and delays. So that should be your starting point. The search tool can assist you in finding a bank approved solicitor for your conveyancing in Cambridgeshire
I am tempted by the attractive purchase price for a couple of apartments in Cambridgeshire both have in the region of forty five years left on the leases. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.
Cambridgeshire Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
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Best to be warned if redecorating or some other significant cost is pending that will be shared by the leasehold owners and will materially increase the the service costs or necessitate a one time invoice. It would be sensible to discover if there is anything that is prohibited in the lease. By way of example it is reasonably common in Cambridgeshire leases that pets are not allowed in certain buildings in Cambridgeshire. If you like the propertyin Cambridgeshire however your dog is not allowed to move with you then you will be faced difficult determination.