We were about to retain a conveyancing solicitor in Parkstone recommended by you but have come across alternative fee calculations via the web seem less pricey – how come?
One can find many firms of conveyancers advertising at first sight what seems to be cut price. We suggest that you think long and hard about how important this transaction is to you that you are willing to be penny wise pound foolish concerning the standard of the conveyancing. Many of them highlight a bargain quote as a headline but bury extra fees in the fine print..
Should conveyancers request money on account when it comes to conveyancing in Parkstone?
Where you are retaining lawyers for conveyancing in Parkstone your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the purchase price then this should be needed shortly prior to exchange of contracts. Any further balance that is due should be transferred shortly before completion.
Me and my partner are buying a house in Parkstone. I might seem paranoid but how we can trust a conveyancer? At some point we will need to send our life savings into their account. What is the protection 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.
I am expecting a OIP from Skipton this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Skipton recommend any Parkstone solicitors on the Skipton conveyancing panel, or is it better to go independently?
You will need to appoint Parkstone solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
Completion of my purchase has taken place for my property in Parkstone. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Will my conveyancer be making enquiries regarding flooding as part of the conveyancing in Parkstone.
Flooding is a growing risk for solicitors dealing with homes in Parkstone. Some people will acquire a house in Parkstone, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a various checks that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in Parkstone. The conventional set of information given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to determine if the property has historically flooded. If flooding has previously occurred which is not disclosed by the vendor, then a buyer may issue a claim for damages stemming from an incorrect reply. The buyer’s conveyancers should also commission an enviro report. This will indicate if there is a recorded flood risk. If so, more detailed investigations will need to be initiated.
I am purchasing a new build house in Parkstone with a mortgage from Lloyds TSB Bank. The sellers refused to budge the price so I negotiated 6k of extras instead. The property agent told me not inform my solicitor about the deal as it may 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.
I have today placed an offer on an apartment in Parkstone and the estate agent that we are dealing with recommended his lawyer. She quoted £800 including VAT and 3rd party costs. Does this sound reasonable?
You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Parkstone. Then select one that you are comfortable with and crucially, is on the approved panel of the bank that you have applied for a mortgage from.