We are purchasing a new build flat in Bellingham and my solicitor is telling me that she has to the mortgage company to reveal incentives from the seller. I am nearing the developer’s deadline to exchange and I have no desire to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Is there a search tool that I can use to discover of the solicitor handling my conveyancing in Bellingham is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barnsley Building Society thus spending £175.00 in another set of conveyancing fees.
You should make the most of the search tool on this site. Please choose the lender and type ‘Bellingham’ or your preferred area and you will discover a number of lawyer offices in Bellingham or by proximity to you.
The deeds to our house are lost. The solicitors who handled the conveyancing in Bellingham 10 years ago have long since closed. What are my options?
In today’s world there are duplicates made of almost everything, and your solicitor should be aware precisely where to find all the appropriate paperwork so you may purchase or dispose of your property without a hitch. If duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities against possible claims on your property.
How does conveyancing in Bellingham differ for new build properties?
Most buyers of new build property in Bellingham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Bellingham typically buy the land, 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 accustomed to new build conveyancing in Bellingham or who has acted in the same development.
Is it possible to switch conveyancer as I need to retain a firm on the The Mortgage Works conveyancing list. I had appointed a local conveyancing solicitor in Bellingham five minutes from me but she is not accepted by The Mortgage Works
It would be our pleasure to help you select a conveyancing solicitor in Bellingham on the The Mortgage Works panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bellingham. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Bellingham.
How and when do I pay the Stamp Duty Land Tax due for my Bellingham flat purchase?
The conveyancer will fill out a Land Transaction Return Form for you during your Bellingham purchase transaction for signature. On completion your conveyancer will submit your Land Transaction Return Form to the Tax Authorities and - as long as they have the funds - discharge any tax bill due for you.