In the event thatI were to buy a simple residential propertyin Forest Row for cash and have no survey and no local authority searches how much should I expect to to save on my conveyancing in Forest Row?
The sole reduction in fees you would make on is the disbursement for searches. A property lawyer still be obliged to do everything else - money laundering, correspond with the vendors property lawyer, stamp duty return, register the ownership etc. You might save a bit for them not having to register a mortgage however it will not be a lot.
I have been told that property searches are the number one reason for obstruction in Forest Row house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Forest Row.
I'm buying my first flat in Forest Row benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not inform my conveyancer about this extras as it may put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
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 opted to have a survey completed on a property in Forest Row in advance of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks will refuse to grant a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Forest Row. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Forest Row to see if the conveyancing will be more expensive.
My step-father has urged me to use his lawyers for conveyancing in Forest Row. Do I take his recommendation?
There are no two ways about it the best way to choose a conveyancing solicitor is to have guidance from friends or family who have actually previously instructed the solicitor that you are considering.