I am need of leasehold conveyancing for an apartment in a fairly new development (seven years built) in Port Isaac. The vast majority the appartments have already been sold. Is it strictly necessary to order local searches for my conveyancing in Port Isaac?
You are taking a significant risk in refusing to carrying out Port Isaac conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that you have them. Where timings and price are top of your concerns you should consider with your conveyancer about the options such as contingency insurance available to you
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Port Isaac?
We are not aware of any plans on the part of the BSA to develop such a search facility.
I am buying my first flat in Port Isaac with a mortgage from Virgin Money. The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not to tell my solicitor about the deal as it would adversely affect my loan with Virgin Money. 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 decided to have a survey done on a house in Port Isaac before instructing solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks will refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Port Isaac. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to transfer to a new conveyancer as I need to instruct one who is on the TSB conveyancing list. I instructed a high street conveyancing solicitor in Port Isaac round the corner but she is not approved by TSB
We will our best to assist in finding you a conveyancing solicitor in Port Isaac on the TSB panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Port Isaac. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Port Isaac.
My husband and I are first time buyers - agreed a price, yet the agent informed us that the seller will only go ahead if we use their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a family conveyancer used to conveyancing in Port Isaac
It is unlikely the sellers are behind this. If they want ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Contact the owners directly and make the point that (a)you are motivated buyers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to use your preferred Port Isaac conveyancing lawyers - not the ones that will provide their estate agent a commission or meet his conveyancing thresholds demanded by senior management.