Last June we completed a house move in Miles Platting. We have noticed several issues with the property which we suspect were omitted in the conveyancing searches. Do we have any recourse? What searches should? have been carried out as part of conveyancing in Miles Platting?
The question is not clear as to the nature of the problems and if they are unique to conveyancing in Miles Platting. Conveyancing searches and due diligence initiated during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor completes a document referred to as a Seller’s Property Information Form. answers ends up being incorrect, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Miles Platting.
I'm purchasing a new build house in Miles Platting with a mortgage from TSB. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not to tell my lawyer about the deal as it could impact my loan with the bank. Do I keep my lawyer in the dark?.
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've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Miles Platting is the location of the property. Can you shed any light on this issue?
Flying freeholds in Miles Platting are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Miles Platting you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Miles Platting may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been pointed in your direction by numerous selling agents in Miles Platting to get a quote from a conveyancer on your site. Is there a financial advantage for Estate Agents to market your lawyers over alternative conveyancing organisations?
We don’t make any referral fee for directing people in our direction. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
My husband and I are new to the buying process - had an offer accepted, but the selling agent informed us that the vendor will only move forward if we appoint the agent's recommended lawyers as they are insisting on an ‘expedited deal’. We would rather use a local solicitor who is familiar with conveyancing in Miles Platting
We suspect that the owner is unaware of this demand. If they want ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to use your own,trusted Miles Platting conveyancing firm - not the ones that will provide their estate agent a kickback or hit his conveyancing figures pre-set by head office.
Our conveyancer in Miles Platting has requested from me ID documents stating that this forms part of his requirements as a conveyancer on the mortgage company Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require Miles Platting conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements