My wife and I have recently acquired a property in Lowestoft. We have noticed several issues with the house which we consider were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been carried out for conveyancing in Lowestoft?
The question is not clear as what problems have arisen and if they are unique to conveyancing in Lowestoft. Conveyancing searches and due diligence initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the process, a property owner completes a form called a SPIF. answers provided is incorrect, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Lowestoft.
Completed the sale of my flat in Lowestoft last January but the buyer keeps Skype messaging me to moan that their conveyancer is waiting to hear from mine. What should my lawyer have done following completion?
Following your house sale your conveyancer is committed to forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your solicitor should also confirm that the mortgage has been redeemed to the purchasers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Lowestoft.
I had intended to instruct a property lawyer in Lowestoft for our house move. Our broker has since notified us that our mortgage company Barclays won't deal with them. Surely this is unfair competition?
Before the recession most mortgage companies had an appetite for risk which was higher than today. Almost all Lowestoft conveyancing firms would have been on many bank panels. The Financial Services Authority in 2010 carried out a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms about their operations and their employees and set certain criteria such a completing on a minimum volume of conveyancing. Many Lowestoft conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Lowestoft is one of the hundreds of areas where the lawyers showing on our search results are are approved Barclays .
I am purchasing my first flat in Lowestoft with a loan from Lloyds TSB Bank. The sellers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my conveyancer about the extras as it could jeopardize my loan 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.
Given that I will soon part with hundreds of thousands of pounds on a house in Lowestoft I would like to talk to a conveyancer concerning thehome move in advance of giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer who will be doing your conveyancing in Lowestoft.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Lowestoft should be the amount on the final invoice that you are charged.
I need to retain a conveyancing solicitor for my conveyancing in Lowestoft. I've chance upon a web site which appears to be the perfect solution If it is possible to get all the legals done via email that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?