I am acquiring a property for cash in Chase Side. I have lived for the previous twelve years in Chase Side. Conveyancing searches are exorbitant. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then the vast majority of the Chase Side conveyancing searches are non-obligatory. Your lawyer will try and sway you, perhaps strongly, that you should have searches done, but he has a professional duty to take that path of guidance. Do take into account; if you are intend to sell the house in the future, it will be of relevance to your future purchaser what the searches determine. On occasion premises with day to day issues can still reveal negative search results. A competent conveyancing solicitor in Chase Side will be able to give you some constructive advice concerning this.
We're in Chase Side, First timers buying with a mortgage (lender is Kent Reliance , and our solicitor is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Me and my brother own a renovated Georgian house in Chase Side. Conveyancing lawyer represented me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chase Side and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
I am buying a new build house in Chase Side with a loan from Nationwide Building Society. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my solicitor about this side-deal as it will adversely affect my mortgage with Nationwide Building Society. Should I keep quiet?.
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.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Chase Side I like with amenity areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Chase Side in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
How do I search for a Chase Side law firm on the Godiva Mortgages Ltd conveyancing panel? I drive a motor bike and am happy to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the facility on this page. Please select a bank and your location and you will see a number of Chase Side conveyancing lawyers located nearest you. We have listed some Chase Side conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Godiva Mortgages Ltd member panel