What is the first thing I need to know regarding purchase conveyancing in Newtown?
Not many law firms or advisers will tell you this but conveyancing in Newtown or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is plenty of opportunity for confrontation between you and others involved in the transaction. E.g., the seller, property agent and on occasion a bank. Appointing a solicitor for your conveyancing in Newtown should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the process whose interest is to protect your legal interests and to protect you.
Sometimes a third party with a vested interest may try and convince you that it is in your interests to do things their way. As an example, the selling agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your financial adviser may tell you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I am intent on selling our house in Newtown and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers used a web based conveyancing firm rather than a conveyancing solicitor in Newtown. We have lived in Newtown for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to 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 illness)
The deeds to our home are lost. The conveyancers who did the conveyancing in Newtown 5 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title deeds to prove you own the land or property, given that the Land Registry have everything they need in a digital format.
I am buying my first flat in Newtown benefiting from help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not inform my conveyancer about the extras as it could adversely affect my mortgage with HSBC 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.
I'm refinancing my existing property to a BTL mortgage with Birmingham Midshires and intend to use the remaining equity as a down payment on a second house. The area we are looking at is Newtown. Will your conveyancers be able to act for the two lenders and link together the transactions?
Make use of our comparison tool on this page to check that the conveyancers are on the relevant lender panels. Having checked that they are the conveyancer will be able to connect the two transactions but you should have a chat with you conveyancer and make clear your desired outcome and needs.
I've found a house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just found out that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Newtown. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Newtown ?
Most houses in Newtown are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Newtown in which case you should be shopping around for a Newtown conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’spermission to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the property is part of an estate. Your solicitor will appraise you on the various issues.