Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Loughborough BS conveyancing panel for example in Pitstone?
Lexsure has not been advised of any plans on the part of the BSA to promote such a search facility.
This question may be naive but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Pitstone. Do I receive the keys to the property on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Pitstone?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to mortgage companies such as UBS, do Pitstone lawyers incur a yearly amount to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We were going to get a AIP from Co-operative this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Pitstone solicitors on the Co-operative conveyancing panel, or is it better to go independently?
You will need to appoint Pitstone solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
I have todaydiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Pitstone for a purchase of a leasehold flat 12 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Pitstone conveyancing specialists.
I'm buying a new build house in Pitstone benefiting from help to buy. The sellers refused to reduce the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my conveyancer about the deal as it could put at risk my loan with Nationwide Building Society. 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.
What does commercial conveyancing in Pitstone cover?
Pitstone conveyancing for business premises incorporates a broad array of advice, provided by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I'm selling a property in Pitstone. I have found my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not all staff in the law firm must be listed by the regulator. Provided there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.