My wife and I are acquiring a brand new duplex in Brownhills and my lawyer is informing me that she is duty bound to the bank to disclose incentives from the seller. I am on a tight deadline to exchange contracts and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are looking to buy a house and need a conveyancing solicitor in Brownhills who is on the Kent Reliance approved panel. Can you recommend a local 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 Kent Reliance . We don't recommend any particular firms conducting conveyancing in Brownhills.
It has been three months since my purchase conveyancing in Brownhills concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Brownhills with a loan from Clydesdale. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not disclose to my solicitor about the deal as it may affect my loan with Clydesdale. Is this normal?.
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.
Should one remove a departed person's details from the title deeds for a property in Brownhills?
Where a Brownhills property is jointly owned and one of the owners dies, their name will not immediately be removed from the Land Registry title. It is not necessary to remove their name as in the event of a sale you would just be asked to evidence why the co owner is missing from the contract, such as the probate documents.
With the aim of making the sale conveyancing more straight forward for the sale of the property you can arrange to have the deceased party erased from the title by submitting an application to the land registry with evidence of the death. There is no charge from the Registry for this service.