Will my conveyancing lawyers need to check that the building insurance when buying a house in Hoole. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/7/2021, the requirements read as follows :
My wife and I are close to exchanging contracts on the sale of our property in Hoole and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Hoole lawyer would know this is not the case. For the life of me I don't know why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Hoole. We have lived in Hoole for 5 years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I'm buying my first flat in Hoole with a loan from Yorkshire Building Society. The builders refused to move on the amount so I negotiated 6k of extras instead. The property agent told me not reveal to my lawyer about the side-deal as it may jeopardize my mortgage with Yorkshire Building Society. 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 carried out on a house in Hoole in advance of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may refuse to give a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can look into this further with 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 Hoole. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my primary home to a BTL loan with Bank of Scotland and I will use the rest of the raised equity as a deposit on further house. The area we are looking at is Hoole. Will your solicitors be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this site to check that the conveyancers are approved by both mortgage companies. Assuming that they are your conveyancer will be able to tie up the two conveyancing matters but you should have a chat with you lawyer and make clear your desired outcome and needs.
I need to retain a conveyancing solicitor for leasehold conveyancing in Hoole. I happened to land on a site which seems to have the perfect answer If there is a chance to get all this stuff done via phone that would be preferable. Do I need to 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?