After what seems like an age a loan agreement from Nationwide for the refinancing of my single room flat is expected by the end of next week. Are you able to recommend a low cost conveyancing lawyer in Potton?
You are on the wrong site if you are in need of cut-price fees for conveyancing solicitors in Potton. Our intention is to offer value for money conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing companies enticing you with low cost conveyancing in Potton. At best, in going for low cost conveyancing, you will get your money’s worth and at worst you will end up spending a lot in additional fees and still not get the service required.
Having sold my house in Potton last October yet the purchaser is Skype messaging daily to moan that their solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your solicitor should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion procedures just for conveyancing in Potton.
I am the sole beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in Potton. The Potton property was put into my name in August. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my proprietorship could be regarded the same way as though I had purchased the property in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most mortgage companies would take a pragmatic view as this requirement is principally there to identify subsales or the wholesaling and assigning of properties.
My husband and I have organised the release of further monies on our mortgage from TSB as we wish to carry out alterations to our home in Potton. Do we need to appoint a nearby Potton solicitor on the TSB conveyancing panel to handle the legals?
TSB don't usually appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB list.
I am expecting a OIP from Skipton this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Skipton recommend any Potton solicitors on the Skipton conveyancing panel, or is it better to go independently?
You will need to appoint Potton solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
I'm buying a new build house in Potton with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not reveal to my solicitor about the extras as it may adversely affect my loan with Accord Mortgages Ltd. 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 property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Potton is the location of the property. Can you offer any advice?
Flying freeholds in Potton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Potton you would need to get your solicitor to go 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 Potton may determine 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 property.
I'm converting the mortgage on my existing property to a BTL loan with Barclays and intend to use the remaining equity towards further property. The location we are talking about is Potton. Will your conveyancers be able to act for the two mortgage companies and link together the transactions?
Do use our comparison tool on this site to check that the solicitors are approved by both banks. On the basis that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and specify your desired outcome and requirements.