Me and my partner are soon to complete buying a house in Mortimer but as a result of damage from some water damage at the property I have was able negotiate recompense from the current proprietors in the sum of £2k in the form of a reduction in the price. This was going to be dealt with as part of a side agreement however TSB will not agree to this. Why were they approached?
Your property lawyer being on the TSB approved list is duty bound to inform TSB of any changes to the sale price. If you were to refuse your lawyer to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new lawyer for your conveyancing in Mortimer.
How does conveyancing in Mortimer differ for new build properties?
Most buyers of new build residence in Mortimer come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because builders in Mortimer tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Mortimer or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Mortimer before appointing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not grant a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Mortimer. Conveyancing may be slightly more expensive based on your lender's requirements.
I am selling my property. My previous solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Mortimer if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Mortimer. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
There are a number of properties in Mortimer on unadopted roads. My partner and I are purchasing such a house. What would be the pros and cons of purchasing a residence on a private road?
Mortimer conveyancing solicitors will be well versed in transacting propertieson unadopted roads. The conveyancer will investigate title to identify any rights or liabilities. In many cases there is a management company (wholly owned by residents) that proprietors pay into for the upkeep of the road. If one exists, the road will likely be maintained and look nicer than council adopted.