After reviewing mumsnet.com for a cheap lawyer in Fordingbridge, most comment that I must instruct a CQS kitemarked lawyer. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in buying or selling property, trusted by some of the UK's biggest lenders. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Fordingbridge is one of the many areas of the UK where there are CQS lawyers.
Are there restrictive covenants that are commonly identified during conveyancing in Fordingbridge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Fordingbridge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Fordingbridge benefiting from help to buy. The builders would not move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not reveal to my conveyancer about the side-deal as it will put at risk my loan with Leeds Building Society. 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 opted to have a survey carried out on a house in Fordingbridge before retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders will not grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Fordingbridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fordingbridge to see if the conveyancing costs will increase in light of this.
Am I better off to use a Fordingbridge conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can conduct the conveyancing but his firm is located 200miles away.
The primary upside of using a high street Fordingbridge conveyancing firm is that you can attend the office to execute paperwork, deliver your identification documents and pester them where appropriate. Having local Fordingbridge know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and in the main were content that should trump using an unknown Fordingbridge conveyancing solicitor solely due to them being Fordingbridge based.
What is the reason for my property lawyer requiring a list of items of identification before they can proceed with my conveyancing in Fordingbridge?
Fordingbridge solicitors are obliged by the Law Society, Solicitors Regulation Authority, HMLR and current Money Laundering Regulations to certify that the have verified the identity of their clients. It is also sometimes a condition of your lender if you are taking a mortgage. In addition they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, national insurance number and date of birth.