My partner and I are purchasing our first home. Our property lawyer has messagedto enquire if we would like to purchase supplemental conveyancing searches. As novices we in the dark as to what's relevant for conveyancing in Bournemouth
The range of Bournemouth conveyancing searches should be dictated primarily on the premises, the location, the probability of any of these risks, your knowledge of the locality and risks, your overall attitude to risk. What matters is that you adequately understand what information each search could supply. You may then decide if you consider that you need that information. Should you be unsure, ask the property lawyer to explain.
Our lender has suggested solicitors on their panel based in Bournemouth but I would rather instruct a conveyancing lawyer in Bournemouth or nearer to where I live. Can you assist?
The minority of Bournemouth conveyancing practitioners are on all banks conveyancing panel. Do make use of our find an approved solicitor tool to choose a Bournemouth conveyancing solicitor on the on the mortgage company panel.
Will our conveyancer be raising questions regarding flooding as part of the conveyancing in Bournemouth.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Bournemouth. There are those who purchase a property in Bournemouth, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, but there are a number of checks that can be initiated by the purchaser or by their solicitors which can give them a better understanding of the risks in Bournemouth. The standard completed inquiry forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to discover if the property has historically flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer could bring a claim for damages stemming from an incorrect reply. The buyer’s solicitors will also commission an environmental report. This should reveal whether there is any known flood risk. If so, additional investigations should be initiated.
I am buying a new build house in Bournemouth with the aid of help to buy. The builders refused to reduce the price so I negotiated 6k of extras instead. The estate agent told me not inform my conveyancer about the extras as it may impact my loan with the lender. Is this normal?.
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 decided to have a survey completed on a property in Bournemouth prior to appointing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some banks may not issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bournemouth. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the will of my uncle I am selling a residence in Cardiff but reside in Bournemouth. My conveyancer (who is 250 kilometers awayneeds me to sign a statutory declaration before completion. Could you suggest a conveyancing lawyer in Bournemouth who can attest this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are based in Bournemouth