It may have been a long time coming a mortgage agreement from Nationwide for the refinancing of my 4 room apartment is coming by the end of next week. Can you suggest a low cost conveyancing lawyer in Badminton?
You have arrived at the wrong place to search for a cheap conveyancing in Badminton. We can offer you affordable conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing brokers offering £100 conveyancing in Badminton. Optimistically, in choosing a lawyer for low cost conveyancing, you will earn what you pay for and at worst it will result in you paying a lot in additional fees and still not receive the service you were looking for.
When does exchange of contracts happen for purchase conveyancing in Badminton and am I required to attend the solicitors branch?
If you are round the corner to our conveyancing solicitors in Badminton you are invited in to sign documents. That being said, the firms we work with offer a countrywide conveyancing service and provide just as diligent and professional a job for you when dealing with you electronically. The executing of the contract is not the important part. A signed contract simply enables the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Badminton)to be in the office at the appropriate time.
My wife and I own a 4 bedroom Victorian property in Badminton. Conveyancing practitioner acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for 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 Badminton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing practitioner who conducted the work.
I am buying my first flat in Badminton with a loan from Godiva Mortgages Ltd. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not reveal to my solicitor about this extras as it may adversely affect my loan with the lender. Is this normal?.
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.
Should I use a Badminton conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can carry out the conveyancing but his firm is located approximately 350kilometers drive away.
The primary upside of using a high street Badminton conveyancing practice is that you can attend the office to sign paperwork, present your ID and pester them if necessary. Having local Badminton know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that must surpass using an unknown Badminton conveyancing solicitor solely due to them being local.
Why can't I complete my conveyancing in Badminton on May bank holiday?
Because on completion the funds will pass between the banks of the buyer and owner’s conveyancer and currently this can only occur on a business day. It is not possible to complete on a saturday or sunday either.