I need some expedited conveyancing in Thorpe Astley as I am faced with pressure to sign on the dotted line inside one month. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at free not to have searches carried out although no law firm would suggest that you don't. With plenty of history conveyancing in Thorpe Astley the following are examples of issues that can show up and adversely affect the marketability of the property: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
I used Arc property Solicitors several years ago for my conveyancing in Thorpe Astley. Now, I need the files but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Thorpe Astley of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Thorpe Astley benefiting from help to buy. The sellers would not budge the amount so I negotiated 6k of extras instead. The estate agent suggested that I not reveal to my lawyer about the extras as it may affect my loan with the bank. 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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Thorpe Astley is where the house is located. Is there any guidance you can give?
Flying freeholds in Thorpe Astley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thorpe Astley you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thorpe Astley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I was recommended by a few selling agents in Thorpe Astley to select a solicitor using your seach tool. What’s the financial advantage for Estate Agents to market your services over and above a competitor’s?
We don’t offer any commission for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Last September I purchased a leasehold house in Thorpe Astley. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Thorpe Astley Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
Does the lease contain onerous restrictions? It would be prudent to find out as much as you can regarding the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to every day matters like the tidiness of the communal areas. Enquire of other people whether they are happy with their management. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the appropriate party and specifically what you get for your money. Plenty Thorpe Astley leasehold flats will incur a service charge for maintenance of the building levied by the landlord. Where you acquire the apartment you will have to meet this charge, usually periodically throughout the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all probability there will be a rentcharge for you to pay annual, this is usually not a exorbitant sum, say about £50-£100 but you should to check it because occasionally it could be prohibitively expensive.