My financial adviser has asked me for my Bembridge solicitor’s panel member for the Santander conveyancing panel. How do I obtain this. I have tried my local Bembridge office but they don't know it.
You are best placed to get this information from your Bembridge conveyancer . They keep a central record lender panel numbers.
My wife and I are purchasing a apartment in Bembridge. It might be a silly question but how we can trust a conveyancer? On completion day we will need to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am currently in the process of buying my council flat in Bembridge. I have a mortgage agreed with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
At last I have had an offer on an apartment in Bembridge agreed to, but there is a chain. The vendors have placed an offer on a flat, but it’s not yet agreed to, and are looking at other flats booked. I have selected a bricks and mortar conveyancing solicitor in Bembridge. What do I do now? At what point do I apply for the mortgage with Bank of Ireland?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Bembridge conveyancing search charges, etc). First, you should check that your conveyancer is on the Bank of Ireland conveyancing panel. As to the next steps this very much dictated by the circumstances of your case, desire for this property and on the state of the market. During a buoyant market the majority of home buyers would apply for a home loan with Bank of Ireland and arrange for the valuation and only if it comes back ok would they pay their property lawyer to move forward with searches.
Will our lawyer be making enquiries concerning flooding as part of the conveyancing in Bembridge.
Flooding is a growing risk for conveyancers dealing with homes in Bembridge. Some people will purchase a property in Bembridge, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, however there are a various checks that can be carried out by the buyer or by their solicitors which can give them a better appreciation of the risks in Bembridge. The standard completed inquiry forms supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to discover if the property has suffered from flooding. In the event that the residence has been flooded in past and is not revealed by the owner, then a buyer may issue a claim for damages as a result of such an misleading reply. The buyer’s conveyancers may also order an environmental search. This should higlight whether there is any known flood risk. If so, further inquiries will need to be made.
It has been 4 months since my purchase conveyancing in Bembridge took place. I have checked the Land Registry site which shows that I paid £200,000 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Bembridge. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bembridge
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
How difficult is it to transfer to a new solicitor as I have to retain one who is on the Virgin Money conveyancing panel. I was using a high street conveyancing solicitor in Bembridge five minutes from me but the firm is not approved by Virgin Money
We will our best to assist in finding you a conveyancing solicitor in Bembridge on the Virgin Money panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Bembridge. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Bembridge.