I am buying a property without a mortgage in Penistone. I have resided for the last 20 years in Penistone. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then almost all of the Penistone conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches completed, but he has a professional duty to do this. One thing to take into account; if you are intend to sell the house in the future, it could be of interest to your future purchaser what the searches reveal. Sometimes properties with day to day issues can still throw up unexpected search results. A competent conveyancing solicitor in Penistone will provide you some constructive advice in this regard.
Do banks and building societies provide you with an approved list of Penistone conveyancing solicitors? How do you know who is on the Barclays conveyancing panel?
Penistone conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I purchased a renovated Victorian house in Penistone. Conveyancing practitioner represented me and National Westminster Bank. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Penistone and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing practitioner who conducted the purchase.
I am buying a new build house in Penistone with a loan from HSBC Bank. The sellers would not reduce the price so I negotiated 6k of extras instead. The sale representative suggested that I not reveal to my conveyancer about this deal as it will affect my loan with the bank. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Penistone is where the house is located. What do you suggest?
Flying freeholds in Penistone are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Penistone you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penistone may decide 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 advised by numerous property agents in Penistone to get a quote from a conveyancer using your seach tool. What’s the financial upside for Estate Agents to offer your site rather than alternative conveyancing organisations?
We refuse to give any financial incentive for directing people our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.