We are selling our apartment in Kesgrave. Will the solicitor need to be on the HSBC conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
Have purchased a a terraced house in Kesgrave , What is the estimated time for the Land Registry to record the transfer to my name? My Kesgrave conveyancing solicitor works at snail pace, so I want to check the registration is concluded.
As far as conveyancing in Kesgrave registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can differ depending on the party submitting the application, whether there are errors and whether the Land registry communicate with any 3rd parties. At present approximately three quarters of submission are completed within 12 days but some can be subject to protracted hold-ups. Registration is effected once the buyer is living at the property so post completion formalities is not always primary concern but where there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build house in Kesgrave with a loan from Bank of Ireland. The developers would not move on the price so I negotiated 6k of additionals instead. The estate agent suggested that I not reveal to my lawyer about this deal as it could jeopardize my loan with the bank. 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.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Kesgrave I like with amenity areas and railway links nearby, however it only has 52 years on the lease. There is not much else in Kesgrave in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Am I better off to use a Kesgrave conveyancing lawyer based in the location that I am purchasing? An old friend can handle the legal formalities but her office is 200miles away.
The primary upside of using a local Kesgrave conveyancing practice is that you can drop in to sign paperwork, present your identification documents and pester them if necessary. They will also have local insight which is a plus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were impressed that should surpass using an unknown Kesgrave conveyancing lawyer just because they are round the corner.
We have been advised by numerous friends to expect up to two months for Kesgrave conveyancing to complete.This was a month ago. The paperwork was only received to my conveyancing practitioner last week so does the clock start running now?
Six to eight weeks is a very approximate timescale. Addressing exactly how how many weeks Kesgrave conveyancing will take is an impossible task. Every Kesgrave conveyancing transaction will have it’s specific set of concerns. Accordingly your lawyer should find it difficult to accurately predict how long it will take to finalise your conveyancing in Kesgrave.