I chose a high street firm for my conveyancing in Hounslow yesterday. Upon checking the Terms I seewe are on the hook for fees even if the movefalls through. Should I go with them or instruct an on-line firm promoting no move no charge conveyancing in Hounslow?
It is usually a trade off in that if "No Completion No Fee" is advertised then the conveyancing charges will generally be more expensive to cover those transactions that fail to complete. Also remember that these promotions rarely protect you from expenditure by way of example Hounslow conveyancing search fees.
My wife and I are about to exchange on the purchase of a house in Hounslow but as a consequence of wreckage from some water damage at the property I have was able negotiate compensation from the owner of three thousand pounds taking the form of a reduction in the price. I had intended this to be addressed as part of amending the contract but Virgin Money are not allowing this. Should they have been involved?
The property lawyer that is on the Virgin Money approved list is duty bound to inform Virgin Money of any amendments to the sale price. If you were to refuse your conveyancing practitioner to report the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new conveyancing practitioner for your conveyancing in Hounslow.
My aunt passed away last year and as sole heir and executor I was left the property in Hounslow. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
A relative advised me that if I am buying in Hounslow I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Hounslow conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Hounslow around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hounslow Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Hounslow Education with plans and statistics, Local Amenities and other useful information regarding Hounslow.
I am purchasing a new build house in Hounslow with a loan from Clydesdale. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about the side-deal as it will affect my mortgage with Clydesdale. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My husband and I are first time buyers - had an offer accepted, yet the agent has warned us that the owners will only proceed if we appoint their chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a family conveyancer with experience of conveyancing in Hounslow
It is highly unlikely the vendors are behind this. Should the owner desire ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you intend to instruct your preferred Hounslow conveyancing solicitors - not the ones that will earn the estate agent a commission or meet his conveyancing thresholds pre-set by head office.