Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who conducted the conveyancing in Cottesmore 10 years ago have long since closed. What are my next steps?
In today’s world there are duplicates made of almost everything, and your solicitor will be aware exactly where to locate all the suitable paperwork so you can buy or dispose of your house without a hitch. If copies can’t be located, your conveyancer may be able to put in place insurance or indemnities against future claims on the premises.
I'm purchasing a new build house in Cottesmore benefiting from help to buy. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about this side-deal as it may impact my mortgage with Clydesdale. 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Cottesmore is where the house is located. Can you shed any light on this issue?
Flying freeholds in Cottesmore are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cottesmore you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cottesmore may decide 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 residence.
I need to find a conveyancing solicitor for some conveyancing in Cottesmore. I have chance upon a site which looks to be the ideal offering If there is a chance to get all formalities completed via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having had my offer accepted I require leasehold conveyancing in Cottesmore. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and most are in Cottesmore - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Cottesmore Leasehold Conveyancing - Sample of Queries before buying
-
What is the name of the managing agents? This information is helpful as a) areas could cause problems in the block as the communal areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to know about it The prefered form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and even though a managing agent is frequently retained if it is larger than a house conversion, the managing agent is directed by the tenants.
We have had DIP from Accord Mortgages Ltd who have advised that they will loan up to £400k. When do we need to instruct a practitioner for conveyancing? Cottesmore is where we are buying.
It would be wise to instruct a conveyancer now requesting that they generate a file on your behalf. This will kickstart: 1) the selling agent to send out the Sales Memo to the relevant parties 2) the seller’s conveyancing practitioner to send out the draft agreement. However, do not instruct your solicitor to start searches until you have your valuation report via Accord Mortgages Ltd and you are happy to move forward.