I am about to exchange buying a house in Downham but as a result of damage from a small fire at the property I have managed to agree compensation from the current proprietors of £2k taking the form of a deduction in the price. This was going to be addressed as part of amending the contract but Co-operative are not allowing this. Why were they informed?
Any conveyancing practitioner being on the Co-operative conveyancing panel is required to advise Co-operative of any changes to the purchase price. If you prohibit your lawyer to report the price change to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new solicitor for your conveyancing in Downham.
We note that you have a search directory identifying solicitors on the Barclays conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Downham?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Downham.
A colleague informed me that in purchasing a property in Downham there may be a number of restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Downham which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Downham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a property in Downham. An unusual aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Nottingham your lawyer must comply with the formal instructions set out in Section two of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Nottingham where a lease does not comply with these requirements. The conditions relate to the installation of panels on properties countrywide and is not isolated to Downham.
After much negotiation I have agreed a price on a house in Downham. My mortgage broker pressured me to appoint their lawyer. I paid an advanced payment of £175. Soon after, the conveyancing practitioner called me sheepishly admitting that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Downham is where the house is located. Is there any guidance you can impart?
Flying freeholds in Downham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Downham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Downham may decide 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 property.
I'm converting the mortgage on my current house to a buy to let mortgage with Barnsley Building Society and intend to use the remaining equity towards a second property. The area we are interested in is Downham. Will your solicitors be able to act for both sets of banks and tie in the two deals?
Make use of our search tool on this site to ensure that the conveyancers are approved by both lenders. Assuming that they are the solicitor should be able to tie up the two transactions but you should have a chat with you solicitor and communicate your expectations and requirements.
My husband and I are new on the property ladder - agreed a price, but the agent informed us that the seller will only issue a contract if we appoint the agent's recommended lawyers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Downham
We suspect that the owner is not behind this demand. Should the vendor desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Downham conveyancing lawyers - as opposed tothose that will give the negotiator at the agency a commission or hit his conveyancing targets demanded by head office.