I have given 8 weeks notice to my current landlord and have to be out of my rented flat in Wombourne by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in six weeks as don't want to have to find temporary accommodation?
The normal practice is not to give notice for your lease until exchange of contracts has taken place. Assuming that you have not already done so, speak to your conveyancer and ask them to they chase the sellers solicitors, try to get a realistic time scale from them that all parties will look to achieve
We are buying a flat and require a conveyancing solicitor in Wombourne who is on the Co-operative conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Wombourne.
we are a couple who wish to acquire a purpose built flat in Wombourne with a residential mortgage from Nationwide Building Society.We use our Wombourne conveyancing solicitor but Nationwide Building Society says his firm is not on their "panel". we are left little option but to use a Nationwide Building Society panel solicitor or keep our preferred solicitor and pay for a Nationwide Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan offered to you contains terms and conditions, one of which will be that solicitors must be on the Nationwide Building Society approved list. Until recently, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Nationwide Building Society
Have completed on a a detached house in Wombourne , how long should it take for the Land Registry to record the transfer to my name? My Wombourne conveyancing solicitor works at snail pace, so I want to check the land registry aspects are addressed.
There is nothing unique when it comes to conveyancing in Wombourne registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry need to notify any 3rd parties. At present roughly 80% of such applications are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration is effected after the buyer is living at the property therefore post completion formalities is not usually top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I'm purchasing a new build house in Wombourne with a mortgage from HSBC Bank. The sellers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about this side-deal as it would jeopardize my mortgage with the bank. 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.
I have been on the look out for a flat up to £195,000 and identified one close by in Wombourne I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Wombourne for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.