We are acquiring our first house. Our solicitor has contact usto check if we would like to take out supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Gorleston
The scope of Gorleston conveyancing searches should be triggered based entirely on the premises, the location, the probability of any of these risks, your knowledge of the region and risks, your general attitude to risk. What matters is that you adequately understand what information each search could provide. You may then make a decision if you personally think you need that information. If unsure, ask the conveyancing practitioner to advise.
We have a mortgage agreed in principle with Lloyds. Gorleston conveyancing practitioners have been instructed. How long does it take for Lloyds to forward the offer to the property lawyer?
Some lenders take longer than others. Have Lloyds done the valuation? Have you advised Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have decided to exercise my right to buy my property in Gorleston off the council. I have a mortgage offer with Barclays. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
The formalities of my remortgage has taken place for my property in Gorleston. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a property in Gorleston?
Unless a prior purchase of the house completed post 12 October 2013 you can assume that lawyers delivering conveyancing in Gorleston to remain recommending a chancel search and or chancel repair liability policy.
I am purchasing a new build house in Gorleston benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of additionals instead. The property agent told me not to tell my lawyer about the extras as it could affect my loan with the lender. 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Gorleston ahead of instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders will not issue a loan on this type of home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gorleston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gorleston to see if the conveyancing will be more expensive.