Recently been in touch with my conveyancing lawyer in Dursley who acted for me 18 months ago requesting a conveyancing quote based on the same type of house sale & purchase (a leasehold property and a freehold premises) of similar values with a loan from Britannia. I am now being quoted twice the amount. Better the devil I know or should I try and find an alternative conveyancer?
The estimate fees appear a bit high. Where you are willing to invest time scrutinising quotes you may be able to decrease the fees marginally by perhaps £125. On the other hand, providing that you were happy with the service the firm offered you maycome to regret opting for an a cheaper solicitor. Remember to check the firm can represent Britannia. You can use our search tool to select a Dursley conveyancing firm on the Britannia member panel, which can often include conveyancing solicitors in Dursley.
Our grandson is about to exchange on a new build apartment in Dursley with a home loan from Lloyds. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am purchasing a new build house in Dursley with the aid of help to buy. The builders would not move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my solicitor about the extras as it will jeopardize my loan with the lender. Is this normal?.
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.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one near me in Dursley I like with amenity areas and station nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Dursley in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Hoping to buy a property located in Dursley and I am already nervous. I couldn't find anything specific about Dursley. Conveyancing will be needed in due course but do you know about the Dursley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Dursley. In the meantime here are some basic statistics that we found
My conveyancing in Dursley is set to complete on Friday, however the owners I am buying from has asked to move out on the Saturday noon. Should I agree to such a idea?
If you need a loan then your solicitor will require that the premises arevacant on Friday - the lending institution will insist on it.