I am need of leasehold conveyancing for an apartment in a relatively new development (five years old) in Stockwood. Almost all the appartments have already been disposed of. Do I need carry out the conveyancing searches as part of conveyancing in Stockwood?
A big part of the Stockwood conveyancing process is the conveyancing searches. There are numerous companies delivering Stockwood conveyancing searches, as well direct from the local authority. These are known collectively as personal search providers due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authoritative source.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Stockwood. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/1/2022, the requirements read as follows :
We are selling our house in Stockwood and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Stockwood conveyancer would know this is not the case. For the life of me I don't know why the purchasers used a factory type conveyancing firm rather than a conveyancing solicitor in Stockwood. Having lived in Stockwood for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am purchasing a new build house in Stockwood with the aid of help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not inform my lawyer about the deal as it will adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I opted to have a survey carried out on a property in Stockwood prior to instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks tend not issue a loan on this type of house.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stockwood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stockwood to see if the conveyancing costs will increase in light of this.
My wife and I soon to complete on the purchase a property in Stockwood but as a result of wreckage from the recent storms I have agreed reparation from the current proprietors of £2k taking the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process yet my mortgage company will not agree to this. Why were they informed?
Your conveyancing practitioner that is on a lender approved list is duty bound to advise the bank of any amendments to the purchase amount. If you were to refuse your conveyancer to disclose the price change to your bank then they would have to refrain from acting for you and the mortgage company.