We instructed a high street solicitor for our conveyancing in Longridge recently. After carefully reading the Terms and Conditions I notewe are responsible for costs even if the dealdoes not proceed. Should I go with them or use an internet conveyancing company offering no completion no cost conveyancing in Longridge?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the fee levels will generally be more expensive to neutralise those conveyances that do not go ahead. Also remember that such deals tend not to cover disbursements by way of example Longridge conveyancing search fees.
My wife and I are purchasing a property in Longridge. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can I be sure that the Longridge conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Longridge seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer conducting your transaction.
Planning on purchasing a apartment in Longridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Longridge lawyer is on the Nationwide conveyancing panel.
Do I need to pay for insurance to cover chancel repairs when buying a residence in Longridge?
Unless a previous purchase of the premises took place post 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Longridge to remain recommending a chancel search and or chancel repair liability insurance.
I'm buying a new build house in Longridge with the aid of help to buy. The builders refused to budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my conveyancer about the deal as it may affect my mortgage with the bank. 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.
Taking into account that I am about to part with 450k on a house in Longridge I would like to have a conversation with the conveyancer regarding thehome move in advance of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer due to be doing your conveyancing in Longridge.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Longridge should be the amount on the final invoice that you end up paying.
We are in the middle of purchasing a residence in Longridge. Conveyancing solicitor has told us the title is "Leasehold". Should this make a difference on the salability of the house?
Longridge conveyancing does not in most situations involve leasehold houses. The main factor here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's essentially freehold, so it’s unlikely to affect the value significantly.
At the other extreme, if it's, say, Sixty years it is bound to have a material effect on the value, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be specified in the lease provided to your conveyancer.