I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in Poynton with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Is it necessary to pay for insurance to address the risk of chancel repairs when purchasing a house in Poynton?
Unless a prior acquisition of the house took place post 12 October 2013 you may assume that solicitors carrying out conveyancing in Poynton to continue to advocate a chancel search and or chancel repair liability insurance.
Me and my brother purchased a terraced Victorian property in Poynton. Conveyancing lawyer represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You need to assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Poynton 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 question the situation with your conveyancing lawyer who conducted the purchase.
I am buying a new build house in Poynton benefiting from help to buy. The builders would not move on the price so I negotiated £7000 of extras instead. The estate agent advised me not disclose to my solicitor about this extras as it will affect my loan 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.
I decided to have a survey completed on a property in Poynton ahead of instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may not grant a loan on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Poynton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Poynton to see if the conveyancing will be more expensive.
I am looking to sell my property. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Poynton if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Poynton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.