My fiance and I are intent on acquiring a maisonette in Claverley. My lawyer is not on the lender approved panel. Is it possible for me to retain my Claverley conveyancing solicitor notwithstanding that they are not on the bank panel?
You have numerous choices open to you here
- Proceed with your existing Claverley conveyancing practitioner but your mortgage company will undoubtedly instruct a solicitor on their approved list. This will result in additional cost together with potential delay.
- Appoint a fresh lawyer to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your conveyancer to do everything possible to join the mortgage company conveyancing panel
Do lawyers request money up-front for conveyancing in Claverley?
Where you are retaining lawyers for conveyancing in Claverley your solicitor will ask you put them with funds to cover the search fees. Generally this is needed to cover the fees of the conveyancing searches. When the down payment is payable against the sale price then this will be required immediately before exchange of contracts. Any further balance that is needed will be payable a couple of days prior to the completion date.
I am intent on selling our house in Claverley and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A high street Claverley lawyer would know this is not the case. It does beg the question why the buyers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Claverley. Having lived in Claverley for six years we know that this is a non issue. Should we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should enquire of 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)
3 months have gone by following my purchase conveyancing in Claverley concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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.
I'm purchasing a new build house in Claverley with the aid of help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not to tell my conveyancer about the extras as it could impact my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Am I better off to appoint a Claverley conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can deal with the conveyancing but her office is 400miles drive away.
The benefit of a high street Claverley conveyancing firm is that you can pop in to sign documents, present your ID and apply pressure on them where appropriate. They will also have local insight which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that must surpass using an unknown Claverley conveyancing lawyer solely due to them being based in the area.