We are acquiring our first property. The conveyancing practitioner has contact usto see if we would like to order extra conveyancing searches. We are really unsure what's necessary for conveyancing in Calstock
The scope of Calstock conveyancing searches depends entirely on the property, the location, the possibility of any of these risks, your familiarity of the area and risks, your overall appetite to risk. What matters is that you adequately appreciate what information each search could give you. Then you can make a decision if you consider that you need that information. Where you are uncertain, ask your lawyer to explain.
We previously chose solicitors located in Calstock on the Virgin Money solicitor panel. They have just billed me a separate amount for dealing with the Virgin Money mortgage. Is this a supplemental conveyancing fee specified by Virgin Money?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your property lawyer is entitled to charge a fee for this. The charge is not dictated by Virgin Money but by your Calstock property lawyer. Plenty of firms on the Virgin Money panel will quote an ‘acting for lender’ fee but many practices include it on their overall fee.
Completion of my remortgage has taken place for my property in Calstock. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Our offer on a detached house in Calstock has been accepted, the owners do nevertheless have a tied purchase. The owners have placed an offer on somewhere, but it’s not yet agreed to, and are looking at other properties booked. I have chosen a local conveyancing solicitor in Calstock. What do I do now? At what stage should I apply for the mortgage with Virgin Money?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Calstock conveyancing search costs, etc). First, you must check that your conveyancer is on the Virgin Money conveyancing panel. As to the next phase this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. During a rising market the majority of home buyers will apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they ask their conveyancing practitioner to press on with the conveyancing in Calstock.
We are close to exchanging contracts on the sale of our property in Calstock and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers used an online conveyancing outfit rather than a conveyancing solicitor in Calstock. We have lived in Calstock for 5 years we know that this is a non issue. Do we contact our local Authority to obtain clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with 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)
How does conveyancing in Calstock differ for newly converted properties?
Most buyers of new build residence in Calstock contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Calstock typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Calstock or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Calstock is where the house is located. What do you suggest?
Flying freeholds in Calstock are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Calstock 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 Calstock may determine 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 premises.
I'm converting the mortgage on my existing home to a BTL loan with Clydesdale and I will use the rest of the raised equity as a down payment on another house. The neighborhood we are talking about is Calstock. Will your solicitors be able to act for both sets of lenders and link together the transactions?
Make use of our comparison tool on this site to be sure that the solicitors are approved by both lenders. Assuming that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your desired outcome and needs.