Me and my brother own a 4 bedroom Edwardian house in Pencoed. Conveyancing solicitor represented me and Barnsley Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Pencoed and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who conducted the purchase.
I am buying my first flat in Pencoed with a loan from Barclays Direct. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative told me not inform my conveyancer about the extras as it could put at risk my mortgage with the lender. 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.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Pencoed is the location of the property. Can you shed any light on this issue?
Flying freeholds in Pencoed are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Pencoed you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pencoed may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
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At this site obtain a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Pencoed. As opposed to estate agents and brokerage sites we do not have kick-back deals with solicitors. Many agents and online brokers 'recommend' the firm that pays the highest commission, as opposed to the best value conveyancing in Pencoed
I am using a search engine for the term on line conveyancing in Pencoed it shows results of numerous property lawyersin the vicinity. How do I determine which is the suitable conveyancing solicitor for my move?
The preferential method of choosing the right conveyancer is via trusted referral, so seek the guidance of colleagues and relatives who have purchased a property in Pencoed or a respected estate agent or mortgage broker. Costs for conveyancing in Pencoed differ, so it's advisable to secure a minimum of four estimates from varying types of law firms. Make sure that you clarify what costs in the quote includes.