We are soon to exchange buying a property in Putney Heath but as a consequence of wreckage from some water damage at the property I have was able negotiate compensation from the vendor of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract however Leeds Building Society are not allowing this. Why were they informed?
The solicitor being on a Leeds Building Society approved list is duty bound to inform Leeds Building Society of any variations to the sale price. If you prohibit your lawyer to disclose the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new solicitor for your conveyancing in Putney Heath.
My wife and I are close to exchanging contracts on the sale of our home in Putney Heath and according to the buyers it appears that there is a risk of it being built on contaminated land. A local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Putney Heath. We have lived in Putney Heath for many years we know of no issue. Do we get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should enquire of 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 am purchasing a new build house in Putney Heath with a mortgage from Norwich and Peterborough Building Society. The developers would not move on the amount so I negotiated £7000 of additionals instead. The sale representative suggested that I not reveal to my conveyancer about the extras as it could adversely affect my loan with Norwich and Peterborough Building Society. Do I keep my lawyer in the dark?.
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.
Am I right to be concerned about estate agents that I am dealing with are suggesting a factory type conveyancing firm rather than a High Street Putney Heath conveyancing practice?
As with many service providers, often suggestions from family and friends can be very helpful. Nevertheless there are numerous players in a conveyancing matter; estate agents, financial adviser and mortgage companies might all recommend lawyers to appoint. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You are free to select your preferred lawyer. You need to be aware that most lenders operate an approved list of conveyancers you are obliged to use for the lender related work in your conveyancing.
I am 14 days into a freehold purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Putney Heath. We are not happy. Can you you assist me in finding new conveyancers?
They would need to be really poor in order to consider replacing them. Has your mortgage offer been generated? If so you must inform them of the new contact details and ensure the loan are re-sent. The conveyancer should be on the mortgage company panel to avoid added charges and complications. That should be your first question of the new conveyancers. The find a solicitor tool can help you find a lender approved conveyancer for your home move in Putney Heath
Is it true that a Putney Heath conveyancing practice has court proceedings brought against them by clients for not carrying out comprehensive conveyancing investigations?
Our attention has not be brought to such a Putney Heath conveyancing matter but it has been reported that, clients buying a property in Cumbria successfully won a case against their property lawyer as a consequence of development permission to erect a wind farm failing to be identified in conveyancing searches.
Where you are contemplating buying a home in Putney Heath It is critical that your conveyancer conduct all Putney Heath conveyancing searches necessary making sure that you have relevant and current information ahead of purchasing a home in Putney Heath.