I hired a high street solicitor for our conveyancing in Fawley today. After carefully reading the terms of engagement I notewe are responsible for charges even if the dealdoes not go ahead. Should I ditch them and appoint a web based firm promising no completion no charge conveyancing in Fawley?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will tend to be be uplifted to counteract the cases that abort. Please beware that these deals tend not to cover disbursements e.g. Fawley conveyancing search charges.
I purchased a freehold residence in Fawley yet invoiced for rent, why is this and what is this?
It is rare for properties in Fawley and has limited impact for conveyancing in Fawley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Nottingham Solicitor panel ahead of completing my conveyancing in Fawley?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I need some quick conveyancing in Fawley as I have pressure to sign on the dotted line within 2 weeks. Luckily I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Fawley the following are examples of issues that can show up and adversely impact the marketability of the property: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I'm buying a new build house in Fawley with a loan from Platform Home Loans Ltd. The builders refused to budge the price so I negotiated 6k of extras instead. The house builders rep told me not disclose to my conveyancer about this extras as it would affect my mortgage with Platform Home Loans Ltd. Do I keep my lawyer in the dark?.
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 find a conveyancing solicitor for residential conveyancing in Fawley. I happened to chance upon a web site which looks to be the perfect offering If it is possible to get all formalities done via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
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?