Having sold my house in Freshwater Bay last July but my buyer keeps calling every few hours to say her conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Post completion of your house sale your solicitor is committed to deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor must also confirm that the mortgage has been discharged to the purchasers conveyancers. There are no post completion steps unique to conveyancing in Freshwater Bay.
I am in the process of remortgaging my property in Freshwater Bay, does my lawyer need to be on the Nationwide Conveyancing panel?
There is nothing to stop you using your solicitor, but Nationwide will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I'm buying a new build house in Freshwater Bay with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of extras instead. The estate agent advised me not to tell my solicitor about the deal as it would adversely affect my mortgage with Barclays . 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.
Due to the advice of my in-laws I had a survey completed on a house in Freshwater Bay in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some banks may refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Freshwater Bay. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Freshwater Bay to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for sale conveyancing in Freshwater Bay. I happened to chance upon a web site which looks to be the perfect offering If there is a chance to get all the legals done via web that would be ideal. Should I be concerned? 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?
I am tempted by the attractive purchase price for a two flats in Freshwater Bay both have approximately forty five years unexpired on the lease term. Do I need to be concerned?
There are plenty of short leases in Freshwater Bay. The lease is a right to use the premises for a period of time. As the lease shortens the value of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this arena.
Freshwater Bay Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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It would be sensible to investigate if the the lease includes any onerous restrictions in the lease. By way of example plenty of leases prohibit pets being allowed in certain buildings in Freshwater Bay. If you love the propertyin Freshwater Bay but your dog is not allowed to move with you then you have a very difficult choice. The best form of lease arrangement is a share of the freehold. In this arrangement the tenants have being in charge if their destiny and notwithstanding that a managing agent is usually retained where it is bigger than a house conversion, the managing agent employed by the leaseholders. Its a good idea to discover as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to every day matters like the cleanliness of the common parts. You should not be shy to ask prospective neighbours whether they are happy with their service. In conclusion, find out the dates that you are obliged pay the service charge to the managing agents and specifically what it includes.