I am soon to complete buying a house in Paddock Wood but as a result of wreckage from a small fire at the property I have managed to agree recompense from the current proprietors of six thousand pounds taking the form of a adjustment in the price. I had intended this to be dealt with as part of amending the contract but Kent Reliance are not allowing this. Should they have been approached?
Any solicitor that is on the Kent Reliance approved list is duty bound to inform Kent Reliance of any variations to the purchase price. If you were to refuse your conveyancing practitioner to report the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new conveyancer for your conveyancing in Paddock Wood.
How do I check that the solicitor handling my conveyancing in Paddock Wood is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus spending £175.00 in additional legal charges.
You should make use of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Paddock Wood’ or your location and you will see a number of lawyer located in Paddock Wood or by proximity to you.
Me and my brother purchased a 4 bedroom Victorian property in Paddock Wood. Conveyancing lawyer acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Paddock Wood and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who conducted the conveyancing.
I am purchasing my first flat in Paddock Wood with a mortgage from Platform Home Loans Ltd. The builders would not budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my solicitor about the side-deal as it could jeopardize 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.
Due to the advice of my in-laws I had a survey completed on a house in Paddock Wood in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may refuse to give a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Paddock Wood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Paddock Wood to see if the conveyancing costs will increase in light of this.
Midway through the sale of a leasehold flat in Paddock Wood. Conveyancing is fine but we have been asked to pay an extortionate amount by the freeholder. So far we have paid £237 for a leasehold management information and then a further £118 for responses to questions raised by the buyers lawyer.
Neither you or your conveyancing practitioner will have any sway over the extent of the charges for this information however the average fee for the information for Paddock Wood leasehold property is £380. For Paddock Wood conveyancing deals it is usual for the vendor to cover the charges. The landlord or their agents are not duty bound to address these questions although many will be content to do so - albeit often at high prices out of proportion to the work involved. Regretfully there is no legislation that requires set charges for administrative tasks. There is no prescriptive time frame by which they are duty bound to provide answers.