I am purchasing a newly constructed flat in Coombe and my lawyer is informing me that she is duty bound to the lender to reveal incentives from the seller. I am nearing the developer’s deadline to exchange and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
The deeds to my property are lost. The solicitors who conducted the conveyancing in Coombe 10 years ago are no longer around. What are my options?
You no longer need to have the physical official documentation to establish that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Coombe with the aid of help to buy. The developers refused to budge the amount so I negotiated £7000 of extras instead. The estate agent told me not disclose to my conveyancer about the deal as it would put at risk my mortgage with Barclays Direct. Is this normal?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Coombe in advance of appointing lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend not give a mortgage on such a property.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Coombe. Conveyancing may be slightly more expensive based on your lender's requirements.
I am selling my home. My former conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Coombe if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Coombe. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
My partner and I plan to acquire our first property in Coombe. Conveyancing lawyer already instructed. The mortgage adviser suggested that a survey is not appropriate as the house was only constructed 22 years ago.
The bare minimum you need a Home Buyer's Report. Given the premises is over ten years old the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report could suffice. The report should highlight any obvious problems and suggest additional investigation if appropriate. If there are any indications of material issues get a comprehensive structural survey.