I am purchasing a property without a mortgage in New Addington. I have been living for the last twelve years in New Addington. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the New Addington conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches done, but she has a professional duty to take that path of advice. Do bear in mind; if you are likely to sell the house in the future, it will likely be be of interest to your future purchaser what the searches disclose. On occasion houses with day to day issues can still show up negative search results. A competent conveyancing solicitor in New Addington will be able to give you some sensible advice concerning this.
My conveyancer has informed me that breach of easement insurance is needed on my purchase. What is the level of cover for New Addington conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who who your lender is. It would differ for example between Nationwide Building Society and Norwich and Peterborough Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
We have agreed to purchase a house in New Addington. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must comply with the formal requirements contained in Part two of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook contains minimum requirements for solar panel roof-space leases, and lawyers are required to report to Coventry BS where a lease fails to meet these conditions. The specifications relate to the installation of panels on properties in England and Wales and is not limited to New Addington.
I have paid off my mortgage with Virgin Money. I assume I don't need a New Addington property lawyer on the Virgin Money panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
My partner and I are planning on selling our property in New Addington and according to the buyers it appears that there is a risk of it being built on contaminated land. Any high street New Addington lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using a nationwide conveyancing outfit rather than a conveyancing solicitor in New Addington. Having lived in New Addington for six years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation need.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am buying my first flat in New Addington benefiting from help to buy. The builders would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not reveal to my solicitor about this extras as it may jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
As a leasehold owner I am liable for a service charge for my appartment in New Addington. Due to losing my job and other issues I fell behind with payments. I negotiated a payment plan but there is still three thousand pounds remaining in arrears.
I want to sell and I am nervous that this could threaten to derail the sale if I have to discharge the amount due first. I'd like to sell up and subsequently repay the debt from the completion monies - is this possible?
Your conveyancer should be able to negotiate with the appropriate parties, with a new to seeing if they would accept settlement out of the sale proceeds. Here is an example of why it is advisable to use a conveyancer in New Addington as they are likely to have an established relationship with the management company.