I have recentlyfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Coven for a purchase of a leasehold flat 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Coven conveyancing specialists.
I am purchasing a new build house in Coven with a mortgage from . The developers refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my conveyancer about this side-deal as it may jeopardize 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.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Coven I like with open areas and railway links in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Coven in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
My husband and I are FTB’s - had an offer accepted, but the property agent told us that the vendor will only go ahead if we instruct the agent's chosen conveyancers as they want a ‘quick sale’. We would rather use a high street conveyancer who is familiar with conveyancing in Coven
It is improbable the owners are behind this. If they require ‘a quick sale', turning down a serious buyer is not the way to achieve this. Contact the sellers directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you will continue to use your own,trusted Coven conveyancing firm - not the ones that will earn their negotiator at the agency a kickback or meet his conveyancing targets set by corporate headquarters.
My brother-in-law has suggested I instruct a conveyancing solicitor in Coven. I need to find out if they are listed on the lender's approved list of lawyers. Can you assist?
One option is to phone the conveyancer and ask them if they are on the bank's panel. Alternatively please get in touch with us and we can make some checks for you. Should the firm not be on the conveyancing panel we we can help find a quality conveyancing solicitor in Coven on the approved list for your lender.