This question may be naive but I am wet behind the ears as a first time buyer of a garden flat in Birchgrove. Do I pick up the keys to the premises on the completion date from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Birchgrove?
On the day of completion you will not be required to attend the conveyancers office in Birchgrove. Your solicitors will electronically transfer the purchase money to the seller's lawyers, and once they have received this, you will be able to collect the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
I am being told by my lawyer that missing deeds insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Birchgrove?
The right level of missing deeds indemnity insurance depends on your lender. It would differ for example between Birmingham Midshires and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.
Last month we had a mortgage agreed in principle with TSB. Birchgrove conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from TSB?
Some lenders take longer than others. Have TSB conducted the valuation? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Is it necessary to take out insurance to cover chancel repairs when acquiring a property in Birchgrove?
Unless a previous purchase of the property completed after 12 October 2013 you could expect solicitors conducting conveyancing in Birchgrove to continue to suggest a chancel search and or chancel repair liability insurance.
five months have elapsed following my purchase conveyancing in Birchgrove completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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.
I am buying a new build house in Birchgrove with the aid of help to buy. The builders refused to move on the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my solicitor about this side-deal as it may affect my loan with the bank. Should I keep quiet?.
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.
I am looking into buying my first house which is in Birchgrove and I am already nervous. I couldn't find anything specific about Birchgrove. Conveyancing will be needed in due course but do you know about the Birchgrove area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Birchgrove. In the meantime here are some basic statistics that we found
We are 18 days into a freehold purchase having been recommend to conveyancers by the estate agent to execute conveyancing in Birchgrove. I am not happy. Could you you assist me in finding new lawyers?
A lawyer would need to be really poor in order to consider changing them. Has the mortgage offer been generated? In the event that it has you need to make them aware of the new contact details and have the offer are issued to the new lawyers. Your solicitor ideally needs to be on the lenders approved list to avoid supplemental charges and frustration. So that should be your first question of the new lawyers. The find a solicitor tool will assist you in finding a bank approved solicitor for your conveyancing in Birchgrove