What is the first thing I need to know concerning purchase conveyancing in Cranleigh?
Not many law firms shout this from the rooftops but conveyancing in Cranleigh and elsewhere in Surrey is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the legal transfer of property. For instance, the seller, estate agent and sometimes a mortgage company. Appointing a law firm for your conveyancing in Cranleigh should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the legal process whose responsibility is to look after your best interests and to protect you.
We are witnessing a distinct increase of a "blame" culture- someone must be blamed for the process taking so long. We recommend that you must always trust your solicitor above all other players in the home moving process.
Is there a search tool that I can use to find out if the solicitor handling my conveyancing in Cranleigh is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus paying £187.00 plus VAT in another set of legal costs.
Please do make use of the search tool on this web page. Pick the lender and type ‘Cranleigh’ or your location and you will be presented with a number of lawyer based in Cranleigh or near you.
Is it necessary to pay for insurance to cover chancel repairs when acquiring a residence in Cranleigh?
Unless a previous purchase of the property completed post 12 October 2013 you may expect conveyancing practitioners handling conveyancing in Cranleigh to continue to recommend a chancel search and or insurance against a claim.
Me and my brother purchased a semi-detached Georgian house in Cranleigh. Conveyancing practitioner acted for me and Alliance & Leicester . I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for 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 Cranleigh and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.
I am purchasing a new build house in Cranleigh with a mortgage from Platform Home Loans Ltd. The sellers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not to tell my lawyer about the extras as it will impact my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Cranleigh I like with amenity areas and railway links in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in Cranleigh in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Discount 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 a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.