My wife and I are purchasing a newly constructed apartment in Princes Risborough and my conveyancer is informing me that she has to the lender to disclose incentives from the builder. I am on a tight deadline to exchange contracts and my preference is not to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I have to pop into the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Princes Risborough so that I can attend their offices when needed.
These days approved lawyers for mortgage companies undertake the vast majority of communications via the post, internet or over phone calls. This enables them to undertake the conveyancing transaction no matter where you live in England or Wales. However you can check if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
My wife and I own a terraced Georgian house in Princes Risborough. Conveyancing practitioner acted for me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Princes Risborough and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing solicitor who conducted the work.
I have been on the look out for a flat up to £245,000 and found one close by in Princes Risborough I like with a park and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Princes Risborough in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage that many years will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
What tools are available to identify a Princes Risborough solicitor on the Coventry Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the solicitor.
You can use the search on this website. Please choose the lender and your location and you will see a number of Princes Risborough conveyancing lawyers located nearest you. We have listed some Princes Risborough conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Coventry Building Society approved list
Am I better off to instruct a Princes Risborough conveyancing lawyer who is local to the property I am hoping to buy? I have an old university friend who can deal with the legal work however his firm is located 400miles drive away.
The primary upside of using a high street Princes Risborough conveyancing practice is that you can attend the office to execute paperwork, deliver your identification documents and apply pressure on them if necessary. Having local Princes Risborough know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were content that must outweigh using an unfamiliar Princes Risborough conveyancing lawyer just because they are Princes Risborough based.