I am expecting a offer of a home loan from Halifax. My intention is to use a Licensed Conveyancer in Bedford Hill. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am hoping to complete my purchase in Bedford Hill next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not limited to conveyancing in Bedford Hill.
It has been 4 months following my purchase conveyancing in Bedford Hill took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bedford Hill differ for new build properties?
Most buyers of new build property in Bedford Hill contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Bedford Hill typically purchase 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 conveyancers 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 accustomed to new build conveyancing in Bedford Hill or who has acted in the same development.
My husband and I are FTB’s - agreed a price, yet the agent has warned us that the owners will only proceed if we appoint their recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer who is accustomed to conveyancing in Bedford Hill
It is highly unlikely the vendors are driving this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Speak to the owners direct and explain that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to appoint your preferred Bedford Hill conveyancing solicitors - as opposed tothose that will give their estate agent a commission or hit his conveyancing targets pre-set by senior management.
The financial adviser has recommended their conveyancer for our conveyancing in Bedford Hill - Surely it’s better to just instruct them?
You need to establish if the estate agent is recommending a solicitor or introducing to a solicitor. There are plenty of Bedford Hill estate agents who recommend two or three Bedford Hill conveyancing firms purely based on those lawyers offering a great service.