I am buying a terraced house in Handsworth. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Handsworth you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Handsworth.
I have been told that property searches are a common cause of stalling in Handsworth conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Handsworth.
The deeds to my home are lost. The solicitors who did the conveyancing in Handsworth 4 years ago no longer exist. What do I do?
You no longer need to have the physical original deeds to prove you own the land or premises, as the Land Registry have everything they need in a digital format.
I am purchasing a new build house in Handsworth benefiting from help to buy. The sellers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my lawyer about this deal as it may impact my loan with the lender. Should I keep quiet?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Handsworth prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may not give a loan on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Handsworth. Conveyancing will be smoother if you use a solicitor in Handsworth especially if they are acquainted with such properties in Handsworth.
My brother has urged me to instruct his conveyancing solicitors in Handsworth. Do I take his recommendation?
Much as we are happy to recommend a Handsworth conveyancing lawyer the ideal way to select a conveyancing solicitor is to have recommendations from friends or relatives who have actually experience in using the conveyancer that you are are thinking of instructing.