My wife and I are due to exchange on the purchase of a property in Crowthorne but as a result of wreckage from some water damage at the property I have was able negotiate reparation from the owner in the sum of six thousand pounds taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract but Principality will not agree to this. Should they have been approached?
The lawyer that is on a Principality approved list is obliged to advise Principality of any changes to the purchase price. If you were to refuse your conveyancer to report the price change to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new solicitor for your conveyancing in Crowthorne.
three months have elapsed following my purchase conveyancing in Crowthorne took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing my first flat in Crowthorne with a loan from The Royal Bank of Scotland. The sellers would not reduce the price so I negotiated 6k of extras instead. The house builders rep told me not to tell my lawyer about this side-deal as it could affect my mortgage with the lender. Should I keep quiet?.
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.
I am looking into buying my first house which is in Crowthorne and I am already nervous. I couldn't find anything specific about Crowthorne. Conveyancing will be needed in due course but do you know about the Crowthorne area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Crowthorne. In the meantime here are some basic statistics that we found
I am 18 days into a freehold purchase having been directed to conveyancers by the local agent to handle our conveyancing in Crowthorne. I am am extremely disappointed with the quality of service. Could you you assist me in finding new lawyers?
They would have to be very bad in order to consider diss instructing them. Has your mortgage been issued? If so you must advise them of the replacement conveyancer and ensure the loan are re-sent. Your new conveyancer should be on the banks panel to avoid escalating fees and complications. So that should be your first question of the new solicitors. Our find a solicitor tool should help you find a lender approved solicitor for your conveyancing in Crowthorne
I’m about to sell my garden flat in Crowthorne. Conveyancing solicitors are to be appointed soon, but I have recently received a yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as normal as all rents and maintenance charges will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Crowthorne Leasehold Conveyancing - Examples of Queries Prior to buying
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What restrictions are contained in the Crowthorne Lease? What is the service charge and ground rent on the flat? Make sure you discover if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being allowed in certain buildings in Crowthorne. If you love the propertyin Crowthorne however your dog can’t live with you then you have a very difficult decision.