I am buying a newly built flat in Clare and my conveyancer is informing me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to exchange and I don't want to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We note that you have a search directory identifying law firms on the Coventry BS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Clare?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Clare.
My property lawyer in Clare is not listed on the Chelsea Building Society Conveyancing Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are excluded from the Chelsea Building Society panel?
Your options are as follows:
- Complete the purchase with your preferred Clare solicitors but Chelsea Building Society will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total legal fees and result in delays.
- Find an alternative practitioner to act in the purchase, remembering to check they are Convince your solicitor to do everything within their powers to join the Chelsea Building Society conveyancing panel
I have todayfound out that Wolstenholmes have closed. They carried out my conveyancing in Clare for a purchase of a leasehold flat 12 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Clare conveyancing specialists.
I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Clare I like with a park and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Clare in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I need to find a conveyancing solicitor for my conveyancing in Clare. I have stumble upon a site which looks to be the perfect answer If it is possible to get all the legals done via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?