Having been recommended your site we were about to use a conveyancing solicitor in Potters Bar recommended using your comparison tool but stumbled across some other costs illustrations via the web seem less pricey – why is this?
You can find hundreds of conveyancing outfits offering what appear to be extremely cheap conveyancing in Potters Bar. 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 quality of the conveyancing. Many of them accentuate a budget fee to tease you but hide additional costs in the small print..
Is there a reason why leasehold purchase conveyancing in Potters Bar is more expensive?
The conveyancing costs for a leasehold premises in Potters Bar is often greater than on a freehold transaction. This is because there is an amount of supplemental work necessary in corresponding with the freeholder and managing agents to collate the evidence about whether the rent and service fee have been cleared and whether there are any major works due in the near future on repairs or maintenance of the block.
I am considering applying for a Principality mortgage for purchase of a new build (under development) in Potters Bar with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My partner and I are selling our home in Potters Bar and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing outfit as opposed to a conveyancing solicitor in Potters Bar. Having lived in Potters Bar for 5 years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I'm purchasing a new build house in Potters Bar with the aid of help to buy. The developers would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not reveal to my conveyancer about this side-deal as it would impact my mortgage with National Westminster Bank. Should I keep quiet?.
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.
We're new on the property ladder - agreed a price, yet the selling agent told us that the vendor will only issue a contract if we instruct the agent's recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a family solicitor used to conveyancing in Potters Bar
It is improbable the vendors are driving this. If they require ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Contact the sellers directly and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you intend to appoint your preferred Potters Bar conveyancing lawyers - rather thanthose that will earn their estate agent a referral fee or meet his conveyancing targets set by senior management.