We are soon to complete buying a property in Tiverton but as a result of damage from a small fire at the property I have managed to agree recompense from the current proprietors in the sum of £3k taking the form of a deduction in the price. This was going to be addressed as part of amending the contract yet RBS will not permit this. Should they have been approached?
The conveyancing practitioner being on the RBS approved list is required to advise RBS of any changes to the purchase price. If you were to refuse your property lawyer to disclose 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 conveyancing practitioner for your conveyancing in Tiverton.
My brother-in-law has suggested I instruct a conveyancing solicitor in Tiverton. I I am struggling to find out whether they are on the Aldermore approved list of lawyers. Could you advise?
The first thing you should do is contact your solicitor and enquire if they are on the lender panel. Alternatively you should get in touch with Aldermore who may be able to help.
My wife and I own a terraced Victorian property in Tiverton. Conveyancing lawyer acted for me and Coventry Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tiverton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who conducted the conveyancing.
I am purchasing my first flat in Tiverton benefiting from help to buy. The sellers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The property agent advised me not inform my lawyer about the side-deal as it will affect my mortgage with the lender. Is this normal?.
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.
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At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Tiverton. As opposed to estate agents and brokerage sites we do not operate commission arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most kickback, not the best value conveyancing in Tiverton
We're FTB’s - had an offer accepted, but the estate agent advised that the seller will only move forward if we instruct their chosen solicitors as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer who is accustomed to conveyancing in Tiverton
We suspect that the owner is not behind this request. If they desire ‘a quick sale', turning down a motivated buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Tiverton conveyancing lawyers - as opposed tothose that will provide the negotiator at the agency a introducer fee or hit his conveyancing figures set by head office.