Will conveyancers request money up-front for my conveyancing in Farnborough?
If you are buying a property in Farnborough your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this should be required shortly before exchange of contracts. The closing balance that is due will be payable shortly before completion.
We expect to receive a DIP from HSBC this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Farnborough solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Farnborough solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
Completion of my purchase has taken place for my property in Farnborough. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I have instructed a Farnborough conveyancer having checked that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Farnborough surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My wife and I are close to exchanging contracts on the sale of our house in Farnborough and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Farnborough lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Farnborough. We have lived in Farnborough for three years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You must check with 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)
I have recentlybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Farnborough for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Farnborough conveyancing specialists.
I am purchasing my first flat in Farnborough benefiting from help to buy. The sellers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not inform my conveyancer about the deal as it will affect my mortgage with the bank. 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.
I am 14 days into a residential purchase having been recommend to a firm by the high street agent to perform conveyancing in Farnborough. I am not happy. Could you help me find new lawyers?
They would need to be very bad to suggest diss instructing them. Has the mortgage been generated? In the event that it has you will need to inform them of the new contact details and ensure the loan are re-sent. Your new conveyancer should be on the banks panel to avoid added charges and complications. That should be your starting point. Our search tool will assist you in finding a lender approved conveyancer for your home move in Farnborough