When researching moneysavingexpert.com for a conveyancing solicitor in Byfleet, most say that I should instruct a CQS accredited solicitor. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing procedures through the scheme protocol the standard covers many firms who execute conveyancing in Byfleet.
It has been 3 months since my purchase conveyancing in Byfleet completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 purchasing a new build house in Byfleet with a mortgage from Coventry Building Society. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not to tell my solicitor about the side-deal as it would jeopardize my mortgage with Coventry Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 have been on the look out for a ground for flat up to £245,000 and found one round the corner in Byfleet I like with a park and station nearby, however it's only got 61 remaining years left on the lease. There is not much else in Byfleet in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I am a fortnight into a residential purchase having been directed to solicitors by the estate agent to do our conveyancing in Byfleet. I am not happy. Can you help me find new solicitors?
A lawyer would need to be really poor in order to consider diss instructing them. Has your loan offer been issued? In the event that it has you must make them aware of the new contact details and get the loan are re-issued. The solicitor ideally needs to be on the banks approved list to avoid supplemental fees and complications. That should be your first question of the new solicitors. The search tool will assist you in finding a bank approved conveyancer for your conveyancing in Byfleet
I need to assess estimates for conveyancing in Byfleet from various lawyer and appoint one. Do I get them to hold tight until I a suitable apartment to buy.
We suggest that you wait to request your solicitor to open a file and apply for searches after the offer has been agreed to on the property particularly as Byfleet conveyancing searches are a couple of hundred pounds.