We are purchasing a newly constructed duplex in Dursley and my solicitor is telling me that she has to the mortgage company to reveal incentives from the developer. The Estate Agents are hassling me to sign contracts and I have no desire to prolong the conveyancing. Is my lawyer right?
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 provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Having sold my house in Dursley last May but our buyer keeps SMS messaging me to say her solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your lawyer is obliged to send the transfer documentation and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer should also send confirmation that the mortgage has been repaid to the buyers solicitors. There are no post completion steps peculiar conveyancing in Dursley.
I had intended to instruct a property lawyer in Dursley for our home move. Our financial adviser informed us that our mortgage company Santander won't deal with them. Why is this not regarded as unduly restrictive?
Pre- 2008 most mortgage companies had a different appetite for risk. Almost all Dursley conveyancing firms would have been on many bank panels. The financial services regulator in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more information from law firms concerning their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum number of transactions. Many Dursley conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Dursley is amongst the hundreds of locations where the conveyancers we list are members of the panel for Santander.
Just had an offer accepted on a new build flat in Dursley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Dursley
The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
How simple is it to use your search tool to select a conveyancing practitioner in Dursley on the approved list for my bank?
First pick a mortgage company such as HSBC Bank, Norwich and Peterborough Building Society or Barclays Direct then specify your preferred area for instance Dursley. Conveyancing firms in Dursley and beyond will then be identified.
My step-father has urged me to instruct his lawyers for conveyancing in Dursley. Should I use them?
There are no two ways about it the ideal way to select a conveyancing practitioner is to get feedback from friends or relatives who have used the conveyancer that you are are thinking of instructing.