I am soon to complete on the purchase of a house in Stotfold but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the owner in the sum of three thousand pounds by way of a adjustment in the price. This was going to be dealt with as part of a side agreement however RBS are not allowing this. Why were they notified?
The conveyancer being on the RBS approved list is required to advise RBS of any changes to the purchase price. If you were to refuse your lawyer to report the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancer for your conveyancing in Stotfold.
What does a local search tell me about the property my wife and I purchasing in Stotfold?
Stotfold conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search plays a central role in most Stotfold conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I am buying a new build house in Stotfold benefiting from help to buy. The developers would not budge the amount so I negotiated 6k of extras instead. The house builders rep advised me not to tell my lawyer about the deal as it will adversely affect my loan with the lender. 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.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Stotfold I like with open areas and railway links nearby, however it only has 51 years on the lease. I can't really find anything else in Stotfold for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you may 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 and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Hoping to buy a property located in Stotfold and I am already nervous. I couldn't find anything specific about Stotfold. Conveyancing will be needed in due course but do you know about the Stotfold area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stotfold. In the meantime here are some basic statistics that we found
We're first time buyers - agreed a price, yet the agent told us that the owners will only proceed if we appoint their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer used to conveyancing in Stotfold
It is unlikely the owners are behind this. If they desire ‘a quick sale', alienating a genuine buyer is counter productive. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Stotfold conveyancing solicitors - as opposed tothose that will earn their negotiator at the agency a referral fee or meet his conveyancing figures set by corporate headquarters.