I happen to be the single beneficiary of my late father’s estate and I have everything in my name alone, including the my former home in Highcliffe. Conveyancing formalities meant that the Land Registry date was in June. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the property in June. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. many lenders would take a practical view as this requirement is chiefly there to capture the purchase and immediately sell or the flipping of property.
Can I be sure that the Highcliffe conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Highcliffe seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your transaction.
Completion of my remortgage has taken place for my property in Highcliffe. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
What will a local search tell me about the house I am buying in Highcliffe?
Highcliffe conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Searches UK The local search plays a central part in many a Highcliffe conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search should provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I'm purchasing my first flat in Highcliffe with the aid of help to buy. The developers would not budge the price so I negotiated £7000 of additionals instead. The sale representative told me not disclose to my conveyancer about the extras as it will adversely affect my mortgage 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 am looking into buying my first house which is in Highcliffe and I am already nervous. I couldn't find anything specific about Highcliffe. Conveyancing will be needed in due course but do you know about the Highcliffe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Highcliffe. In the meantime here are some basic statistics that we found
We are one month into a freehold purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Highcliffe. I am not happy. Could you help me find new conveyancers?
A solicitor would have to be really poor to suggest changing them. Has the mortgage been generated? In the event that it has you must make them aware of the new contact details and ensure the offer are re-sent. Your new solicitor ideally needs to be on the mortgage company approved list to avoid supplemental fees and complications. That should be your first question of the new conveyancers. The search tool will help you find a bank approved solicitor for your conveyancing in Highcliffe
Last January I purchased a leasehold property in Highcliffe. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Highcliffe - Sample of Queries before Purchasing
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Be sure to investigate if there is anything that is prohibited in the lease. For example some leases prohibit pets being permitted in in a block in Highcliffe. If you like the apartmentin Highcliffe yet your cat is not allowed to live with you then you will be faced difficult decision. You should be aware if it is fewer than 80 years it will affect the salability of the property. Check with your bank that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you would be required to have been the owner of the premises for two years before you are legally able to carry out a lease extension. It is important to be aware if window replacement or some other major work is anticipated that will be shared between the leasehold owners and could well materially impact the level of the maintenance costs or result in a one off payment.