Me and my partner are due to complete on the purchase of a property in Bideford but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the owner in the sum of £2k taking the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement but RBS will not agree to this. Why were they informed?
Any conveyancer that is on the RBS approved list is required to advise RBS of any changes to the purchase price. If you prohibit your conveyancer to report the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Bideford.
We see that you have a search directory identifying firms on the Aldermore conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Bideford?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bideford.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Bideford?
There are many registered licenced Conveyancers in Bideford and Solicitor practices in Bideford to choose from It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I had a mortgage agreed in principle with UBS. Bideford conveyancing lawyers were appointed. What is the average time that one could expect to receive a mortgage offer from UBS?
Some lenders take longer than others. Have UBS completed the survey? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
It is unclear whether my mortgage offer requires a lease extension. I have called my Bideford bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Bideford conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their specific requirements. Who do I believe?
The property lawyer has to follow the CML Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am close to exchanging contracts on the sale of our house in Bideford and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Bideford lawyer would know that there is no such problem. It does beg the question why the purchasers used an online conveyancing outfit as opposed to a conveyancing solicitor in Bideford. Having lived in Bideford for many years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I have recentlybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Bideford for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bideford conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Bideford is where the house is located. Is there any advice you can give?
Flying freeholds in Bideford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bideford 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 Bideford may ascertain 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 residence.