We are about to complete on the purchase of a house in Parbold but as a result of damage from the recent storms I have managed to agree reparation from the vendor of three thousand pounds taking the form of a deduction in the price. I had intended this to be dealt with as part of amending the contract but HSBC are not allowing this. Should they have been involved?
Your conveyancer that is on a HSBC conveyancing panel is required to inform HSBC of any variations to the purchase price. If you prohibit your conveyancing practitioner to disclose the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new property lawyer for your conveyancing in Parbold.
I have 7378 less than 75 years unexpired on my lease and need a lease extension for my apartment in Parbold. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/5/2022 the requirements read as follows :
4 months have elapsed following my purchase conveyancing in Parbold completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Parbold with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my solicitor about this side-deal as it could jeopardize my loan with the lender. 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.
I opted to have a survey completed on a house in Parbold prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you e-mail us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Parbold. Conveyancing may be slightly more expensive based on your lender's requirements.
How much experience do your Parbold conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Parbold conveyancing lawyers help thousands of people move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Parbold conveyancers have worked on recent similar matters.