We are planning to buy with Coventry BS. We have called around locally yet am struggling to find a Dockland Settlement conveyancing firm on the Coventry BS approved list. Please you assist?
Feel free to take advantage of the search tool on this site. Please choose the lender and type Dockland Settlement or your preferred area and you will see a number of lawyer located in Dockland Settlement or nearest you.
Are there restrictive covenants that are commonly identified during conveyancing in Dockland Settlement?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Dockland Settlement. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Dockland Settlement with a mortgage from Skipton Building Society. The builders refused to move on the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not inform my solicitor about the side-deal as it will put at risk my loan with the lender. Is this normal?.
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 decided to have a survey done on a property in Dockland Settlement before appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to issue a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dockland Settlement. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been pointed in your direction by numerous property agents in Dockland Settlement to get a quote from a solicitor using your seach tool. What’s the financial incentive for Estate Agents to offer your services over and above a competitor’s?
We don’t offer any referral fee for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
What is the distinction between surveying and conveyancing in Dockland Settlement?
Conveyancing - in Dockland Settlement or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the vendor to fix the problems before you complete your move.