Is the fact that my conveyancer in Corby is not listed on my lender's solicitor panel that there is a problem with the standard of her conveyancing?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Corby conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
As someone clueless as to conveyancing in Corby what’s your top tip you can impart concerning the home moving process in Corby
Not many law firms or advisers will tell you this but conveyancing in Corby and elsewhere in England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is an abundance of opportunity for conflict between you and others involved in the home moving process. For instance, the seller, selling agent and sometimes a mortgage company. Selecting a law firm for your conveyancing in Corby should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the process whose role it is to act in your legal interests and to protect you.
There is a distinct ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. You should always trust your lawyer ahead of all other parties when it comes to the legal transfer of property.
Various internet forums that I have visited warn that are the primary cause of delay in Corby house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Corby.
I'm buying my first flat in Corby with the aid of help to buy. The builders would not reduce the price so I negotiated 6k of extras instead. The estate agent told me not reveal to my solicitor about this side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 need to appoint a conveyancing solicitor for purchase conveyancing in Corby. I have stumble upon a web site which looks to be the ideal solution If it is possible to get all formalities completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
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?
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have since found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a leasehold house in Corby. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
Most houses in Corby are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Corby so you should seriously consider looking for a Corby conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your solicitor will report to you on the legal implications.