It has come to my attention via my broker that my Saffron Walden the law firm I have appointed is not on the lender Conveyancing panel. What can I do to be certain that this is indeed the case?
You need to contact your Saffron Walden lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
We just had an offer accepted to purchase with Coventry BS. I popped in a couple of high street firms yet am unable to find a Saffron Walden conveyancing firm on the Coventry BS approved list. Could you assist?
Please do make the most of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type Saffron Walden or your preferred area and you will discover a number of lawyer offices in Saffron Walden or by proximity to you.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a house in Saffron Walden?
Unless a prior acquisition of the property completed post 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Saffron Walden to remain recommending a chancel search and or chancel repair liability policy.
Are there restrictive covenants that are commonly identified as part of conveyancing in Saffron Walden?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Saffron Walden. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Saffron Walden with a loan from Alliance & Leicester . The builders would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not inform my solicitor about this extras as it would put at risk my mortgage 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 have been on the look out for a leasehold apartment up to £235,500 and identified one close by in Saffron Walden I like with open areas and railway links in the vicinity, however it's only got 61 years on the lease. There is not much else in Saffron Walden in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.