We decided to go with a high street solicitor for our conveyancing in Iver last week. Reviewing the official terms of business I noteI am responsible for costs even where the transaction does not complete. Should I ditch them and instruct an on-line conveyancing brokerage who offer no completion no cost conveyancing in Iver?
It is usually a trade off in that if "No Sale No Fee" is available then the fee levels will tend to be be uplifted to neutralise those cases that do not proceed. Do bear in mind that such offerings generally do not protect you from outlay by way of example Iver conveyancing search charges.
I am considering applying for a Kent Reliance mortgage for purchase of a new build (under development) in Iver with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Iver. Do I collect the keys to the property on completion from my solicitor? If this is the case, I will use a High Street conveyancing solicitor in Iver?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you will be invited to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
A colleague advised me that in purchasing a property in Iver there could be various restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Iver which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Iver should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Clydesdale. I assume I don't need a Iver conveyancer on the Clydesdale panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
It has been three months following my purchase conveyancing in Iver took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Iver with a mortgage from Santander. The builders would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not inform my conveyancer about this deal as it would put at risk my mortgage with Santander. Do I keep my lawyer in the dark?.
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.
Hoping to buy a property located in Iver and I am already nervous. I couldn't find anything specific about Iver. Conveyancing will be needed in due course but do you know about the Iver area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Iver. In the meantime here are some basic statistics that we found