The Rush Green conveyancing lawyers that I appointed last week on my purchase in Rush Green have without warning closed. They were on acting for me because I had to have a solicitor on the Skipton conveyancing panel and my previous Rush Green lawyer was not. I paid them 275 plus VAT on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I have been told that property searches are the main reason for obstruction in Rush Green house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Rush Green.
I am buying a new build house in Rush Green with a loan from Norwich and Peterborough Building Society. The developers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not inform my conveyancer about the side-deal as it will jeopardize my mortgage with Norwich and Peterborough Building Society. Should I keep quiet?.
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.
Due to the advice of my in-laws I had a survey completed on a property in Rush Green ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rush Green. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Rush Green and I am already nervous. I couldn't find anything specific about Rush Green. Conveyancing will be needed in due course but do you know about the Rush Green area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rush Green. In the meantime here are some basic statistics that we found
Being a tenant I am liable for a service charge for my first floor flat in Rush Green. As a result of personal circumstances I fell behind with remittance. The managing agents agreed a settlement schedule but there remains approximately £3000 currently due.
I am under pressure to dispose of the property and I am panicking this can jeopardize the sale if I have to settle the amount due in advance. I'd like to sell up and then repay the debt from the completion monies - is this practicable?
It would be wise to clarify with the conveyancer carrying out your Rush Green conveyancing but one option may be to arrange for the arrears to be transferred to the purchasers. The contractual price they pay would be adjusted to reflect the amount of debt they assume. They could then discharge the fees once they are the owners.