I'm buying a new build house in Flackwell Heath benefiting from help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The sale representative told me not reveal to my solicitor about the side-deal as it would put at risk my loan with the bank. Should I keep quiet?.
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 decided to have a survey done on a property in Flackwell Heath prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks tend not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Flackwell Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Flackwell Heath to see if the conveyancing will be more expensive.
What makes your site different to other online quote calculators when it comes to conveyancing in Flackwell Heath?
At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Flackwell Heath. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Flackwell Heath
I need to instruct a conveyancing solicitor in Flackwell Heath for my house move. Is it possible to review a solicitor's record with the legal regulator?
Members of the public can see documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.
Can you offer any advice when it comes to choosing a Flackwell Heath conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Flackwell Heath conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Flackwell Heath conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
If they are not ALEP accredited then what is the reason?
Flackwell Heath Leasehold Conveyancing - Examples of Queries before buying
The best form of lease arrangement is where the freehold interest is owned by the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and although a managing agent is usually retained where the building is bigger than a house conversion, the managing agent employed by the leaseholders. Who takes charge for maintaining and repairing the block? What is the length of the lease?
My wife and I plan to acquire our 1st house in Flackwell Heath. Conveyancing solicitor already selected. The mortgage adviser pointed out that a survey is not needed as the house was only constructed 16 yrs ago.
As the bare minimum you need a Home Buyer's Report. As the residence was constructed more than a decade ago the property will be without a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be sufficient. They will highlight any obvious problems and suggest further investigation if relevant. Where there are any indications of problems seek a full Building Survey from the beginning.