We are buying a property in Oundle. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit money into their account. What protection do we have from them run away with our money?
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.
We have a mortgage agreed in principle with Nottingham. Oundle conveyancing solicitors were chosen. What is the average time that one could expect to receive a mortgage offer from Nottingham?
Some lenders take longer than others. Have Nottingham done the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The formalities of my remortgage has taken place for my property in Oundle. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It has been 2 months since my purchase conveyancing in Oundle concluded. I have checked the Land Registry website which shows that I paid £150,000 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 residence 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'm purchasing a new build house in Oundle with a mortgage from Chelsea Building Society. The developers would not budge the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my solicitor about the side-deal as it may impact my loan with Chelsea Building Society. Is this normal?.
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.
My husband and I are first time buyers - had an offer accepted, but the property agent has warned us that the owners will only proceed if we use the agent's recommended conveyancers as they want an ‘expedited deal’. We would rather use a family conveyancer who is accustomed to conveyancing in Oundle
We suspect that the owner is unaware of this request. Should the seller desire ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you will continue to instruct your preferred Oundle conveyancing solicitors - as opposed tothe ones that will earn the estate agent a referral fee or hit his conveyancing thresholds pre-set by senior management.
I have just started marketing my 2 bed apartment in Oundle. Conveyancing has not commenced, however I have recently had a quarterly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is pay the invoice as you normally would because all ground rent and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Oundle - Examples of Questions you should ask before buying
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Be sure to discover if there are any onerous prohibitions in the lease. For instance it is reasonably common in Oundle leases that pets are not permitted in certain buildings in Oundle. If you love the flatin Oundle yet your cat can’t live with you then you will be presented with a difficult decision. Best to be warned whether redecorating or some other major work is due shortly that will be shared between the tenants and will materially increase the the service costs or necessitate a specific invoice. Who takes responsibility for maintaining and repairing the block?
I am due to assess quotes for conveyancing in Oundle from various conveyancing practitioner and choose one. Am I right to get them to hold tight until I have found somewhere to purchase.
You should wait to request your conveyancing practitioner to start work and order searches after the sales memo has been issued by the estate agent particularly as Oundle conveyancing searches are not cheap.