I am obtaining a mortgage with Santander. My intention is to instruct a Licensed Conveyancer in Charmouth. Does the Santander Conveyancing panel exclude Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I'm buying my first flat in Charmouth with a mortgage from Norwich and Peterborough Building Society. The sellers would not move on the amount so I negotiated 6k of extras instead. The estate agent advised me not to tell my solicitor about the extras as it could put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Charmouth is where the house is located. Is there any advice you can give?
Flying freeholds in Charmouth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Charmouth you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Charmouth 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.
What makes your site different to alternative online quote calculators for conveyancing in Charmouth?
At this site receive a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Charmouth. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you instruct them for your home move in Charmouth
I am tempted by the attractive purchase price for a couple of apartments in Charmouth both have in the region of fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Charmouth. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease deteriorates and it becomes more expensive to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.
Charmouth Leasehold Conveyancing - A selection of Queries before Purchasing
Best to be warned whether changing the roof or some other significant cost is anticipated to be shared between the leaseholders and could well dramatically increase the the service costs or result in a one off invoice. What is the name of the managing agents? How many of the leaseholders are in arrears for their maintenance charge payments?
Your search tool is useful but there are many lawyers listed near Charmouth being on the mortgage company conveyancing panel. Can you recommend a specific firm on the lender approved panel?
We do not recommend specific Charmouth firms as the right Charmouth conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Charmouth knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..