We're in Suffolk, First timers buying with a mortgage (lender is Skipton , and our solicitor is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Various online forums that I have visited warn that are the main cause of delay in Suffolk house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Suffolk.
I'm purchasing my first flat in Suffolk with a mortgage from Accord Mortgages Ltd. The builders refused to reduce the price so I negotiated 6k of extras instead. The estate agent advised me not reveal to my conveyancer about this deal as it may affect my mortgage with the lender. 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.
Due to the input of my in-laws I had a survey completed on a house in Suffolk prior to appointing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some lenders may not give a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Suffolk. Conveyancing will be smoother if you use a solicitor in Suffolk especially if they are acquainted with such properties in Suffolk.
I'm remortgaging my primary property to a buy to let mortgage with Alliance & Leicester and I will use the ballance of the raised equity towards another property. The area we are interested in is Suffolk. Will your solicitors be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. Having checked that they are your conveyancer will be able to connect the two conveyancing matters but you should talk with you conveyancer and communicate your expectations and needs.
I need to find a conveyancing solicitor for purchase conveyancing in Suffolk. I have discover a web site which looks to be the perfect answer If there is a chance to get all formalities completed via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?