Just bought a terraced house in Thornton Cleveleys , What is the estimated time for the Land Registry to record my ownership? My Thornton Cleveleys conveyancing solicitor has been very slow, so I want to be certain that my name is recorded.
As far as conveyancing in Thornton Cleveleys is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any 3rd parties. At present in the region of three quarters of such applications are completed in less than three weeks but occasionally there can be protracted delays. Historically registration takes place after the buyer is living at the property thus 'speed' is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
I am buying a new build house in Thornton Cleveleys with a mortgage from Platform Home Loans Ltd. The sellers would not move on the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not disclose to my solicitor about the extras as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Thornton Cleveleys I like with a park and transport links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Thornton Cleveleys suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I have been recommended by a few property agents in Thornton Cleveleys to choose a property lawyer on your site. Is there a financial inducement for Estate Agents to promote your site over alternative conveyancing organisations?
We refuse to make any financial incentive for directing people our way. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My brother has encouraged me to use his conveyancing solicitors in Thornton Cleveleys. Do I take his guidance?
There are no two ways about it the ideal way to find a conveyancing practitioner is to seek referrals from friends or family who have experience in using the conveyancer that you are considering.
What are my options where I am dissatisfied with the property lawyer who did my conveyancing in Thornton Cleveleys?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that sometimes matters do not go as planned. However there is recourse if you were not happy with your conveyancing in Thornton Cleveleys. This varies from trying to resolve matters directly with them, through to reporting a property lawyer to their regulator. If you remain aggrieved you may consider enlisting the help of the Legal Ombudsman.