I am currently in the process of buying my council flat in Clitheroe. I have a mortgage offer with Lloyds. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
After shopping around on the internet I have found a Clitheroe property lawyer having made sure that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Clitheroe postcode. As you are getting a mortgage with HSBC, you could contact them to see if they have a list of approved surveyors in Clitheroe.
Coventry BS have agreed my mortgage in principle, my offer on a property in Clitheroe has been accepted, now what?
Your property agent will wish to be informed of your solicitor's details (make sure the conveyancers are on the lender’s approved list). Telephone Coventry BS or the broker and finish off any relevant documentation. Coventry BS will appoint a valuer who will get in touch with the selling agent or owners to book a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Coventry BS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Clitheroe.
I am buying my first flat in Clitheroe with a mortgage from Santander. The developers would not move on the price so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not reveal to my solicitor about this side-deal as it would 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 have been on the look out for a leasehold apartment up to £305k and identified one close by in Clitheroe I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Clitheroe suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
Hoping to buy a property located in Clitheroe and I am already nervous. I couldn't find anything specific about Clitheroe. Conveyancing will be needed in due course but do you know about the Clitheroe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Clitheroe. In the meantime here are some basic statistics that we found
I am using a search engine for the term cheap conveyancing in Clitheroe it shows results of many property lawyersin the area. With so much choice what is the best way to find the right solicitor for the sale of my house?
The best way of choosing the right conveyancer is via trusted testimonial, so enquire of friends and those you trust who have purchased a property in Clitheroe or a respected estate agent or financial adviser. Charges for conveyancing in Clitheroe differ, so it's a good idea to secure a minimum of three fee estimates from different solicitors. Dont forget to clarify that the costs are guaranteed not to escalate.
Why can't I complete my conveyancing in Clitheroe on May bank holiday?
This is due to the fact that on completion the money will be transferred electronically between the banks of the buyer and owner’s solicitor and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.