We chose a Brandesburton based solicitor for my conveyancing in Brandesburton yesterday. Looking through the fine print I notewe are on the hook for costs even where the conveyance does not complete. Would I be best advised to use a web based solicitor practice promoting no-sale-no-fee conveyancing in Brandesburton?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the conveyancing charges will generally be higher to counteract the conveyances that do not go ahead. Dont forget that such promotions tend not to cover expenses e.g. Brandesburton conveyancing search charges.
The vendors of the home we are purchasing have appointed a conveyancing firm in Brandesburton who has suggested a preliminary agreement with a deposit 6,000. Is it wise to enter into such agreements?
There are two primary concerns with entering into any lock out agreement (occasionally termed a no-shop agreement) is that it diverts attention away from making progress with the conveyancing work, so unless it requires limited or no negotiation then it may transpire to be a hindrance. It is not strongly advocated by Brandesburton conveyancing solicitors as a result. A further issue is the extent of the remedies available - a jilted purchaser is not likely to win an injunctive ruling by a court to stop the owner completing the sale to a third party, so the only remedy available under the agreement will be the recovery of abortive charges and, in limited circumstances, the extra payment of penalties.
In what way does my ID and proof of funds have anything to do with my conveyancing in Brandesburton? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Brandesburton. Nowadays you will not be able to complete any conveyancing deal without first supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Remember if you are providing your driving licence as proof of identification it must be both the paper part and photo card part, one is not satisfactory in the absence of the other.
Verification of your source of funds is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on file. Your Brandesburton conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions concerning the origin of monies.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Brandesburton. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/4/2024, the requirements read as follows :
It has been four months following my purchase conveyancing in Brandesburton completed. I have checked the Land Registry website which shows that I paid £175,000 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 residence 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 Brandesburton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Brandesburton
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan.