I require fast conveyancing in Dagenham as I have a deadline to sign on the dotted line inside 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at free not to have searches conducted although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Dagenham the following are instances of issues that can arise and adversely affect the marketability of the property: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
I have a semi-detached Edwardian property in Dagenham. Conveyancing lawyer acted for me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dagenham and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the work.
I am buying a new build house in Dagenham with a loan from Alliance & Leicester . The sellers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it could adversely affect 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 flat up to £245,000 and found one near me in Dagenham I like with amenity areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Dagenham in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I need to instruct a conveyancing solicitor for sale conveyancing in Dagenham. I've stumble upon a site which appears to be the ideal offering If it is possible to get all formalities done via email that would be ideal. Should I be wary? 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?
Can you please clarify what my options are if my Dagenham conveyancing searches reveals detrimental entries?
Ordinarily, almost all problems exposed in Dagenham conveyancing search results can be handled before completion or indemnity insurance may be put in place. You need to remember that even though you intend on buying the property and might be willing to accept the search results, your lender may not, and when all said and done have the final decision.