I am in a contract race with another prospective purchaser for a property in Stockbridge Village. What can I do to accelerate the conveyancing process?
In the event that the seller is applying pressure to complete it is highly recommended that your lawyer is familiar with the area as they will make use of local relationships and knowledge. It is possible that they could have handled previoushomes in the same street. Therefore consider using a Stockbridge Village conveyancing lawyer. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Stockbridge Village conveyancing deals are held up or jeopardised after discovering a buyer’s lawyer was not on their banks panel. In many cases this discovery resulted in the legal process being held up by as much as 21 days. It is estimated that this issue affects in the region of 100,000 home sales every year. Most Stockbridge Village conveyancing practices can not represent certain banks so do check as early as possible.
A relative recommended that if I am buying in Stockbridge Village I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Stockbridge Village conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Stockbridge Village around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Stockbridge Village Education with maps and statistics, Local Amenities and other useful information concerning Stockbridge Village.
The deeds to my property are lost. The lawyers who dealt with the conveyancing in Stockbridge Village 5 years ago have long since closed. What are my options?
Gone are the days when you need to hold title official documentation to evidence that you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
I'm buying my first flat in Stockbridge Village with a loan from Santander. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not reveal to my solicitor about the extras as it could put at risk my loan with Santander. 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.
My husband and I are first time buyers - agreed a price, yet the agent has warned us that the vendor will only move forward if we appoint the agent's recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Stockbridge Village
It is unlikely the vendors are driving this. Should the vendor desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Contact the vendors directly and explain that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Stockbridge Village conveyancing solicitors - as opposed tothe ones that will give the estate agent a commission or meet his conveyancing figures pre-set by HQ.
We are in the middle of purchasing a property in Stockbridge Village. Conveyancing solicitor has phoned to say the property is "Leasehold". Will this likely impact our Halifax valuation?
Stockbridge Village conveyancing does not usually involve leasehold houses. The key consideration here is the length of lease and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the value significantly.
On the flip side, if it's, say, Sixty years it is bound to have a adverse impact on the saleability, and most likely wouldn't be mortgageable. The length of lease and ground rent will be stated in the lease provided to your solicitor.