It is is a decade since I purchased my house in Cramlington. Conveyancing solicitors have now been instructed on the sale but I am unable to locate the title documents. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be retained by your mortgage company or they could be in the possession of the solicitor who handled the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Cramlington relates to registered property but in the rare situation where your home is unregistered it is more of a problem but is not insurmountable.
Do the Building Society Association intend to launch a online directory to list law firms on the Earl Shilton BS conveyancing panel for example in Cramlington?
We have not been informed any intention on the part of the BSA to promote such a register.
Just acquired a terraced house in Cramlington , how long should it take for the Land Registry to record my title? My Cramlington conveyancing solicitor has been painfully slow, so I want to be sure that my ownership is registered.
There is nothing unique when it comes to conveyancing in Cramlington registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any interested persons or bodies. As of today approximately 80% of submission are completed in less than three weeks but occasionally there can be protracted delays. Historically registration is effected after the buyer is living at the property therefore 'speed' is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer can speak with the land registry and explain the circumstances.
I am purchasing a new build house in Cramlington with the aid of help to buy. The builders would not budge the amount so I negotiated £7000 of additionals instead. The estate agent advised me not inform my solicitor about this extras 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 am a sole trader looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in Cramlington for less than 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Cramlington, including the sale and purchase of businesses as well as simply property. Whether you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or call us so that we may provide you with a fixed commercial conveyancing calculation.
I dont have enough spare funds to pay a 10% deposit on my house purchase in Cramlington , but I still want to exchange. What can I do?
One option is to try and agree a smaller deposit. Many sellers will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute