Having been suggested to visit your site we were going to use a conveyancing solicitor in Rainham Kent endorsed by you but have come across some other quotes via the web look less expensive – why is this?
One can find many firms of conveyancing outfits offering at first sight what seems to be cut price. Our recommendation is to think twice about how important this transaction is to you that want to be penny wise pound foolish over the standard of the legal work. Many of them list a bargain quote to grab your attention but bury additional costs in the fine print..
We have very assertive vendors who has suggested a preliminary contract with a deposit 6,000. Are such agreements recommended for Rainham Kent conveyancing transactions?
There are a couple of main drawbacks with signing a lock out agreement (sometimes referred to as a shut-out contract) is that it takes away the focus from moving forward with the conveyancing process, so unless it requires little or no negotiation then it could transpire to be unhelpful. It is not strongly advocated amongst Rainham Kent conveyancing practitioners for this reason. A further negative is the extent of the remedies available - a jilted buyer is very unlikely to be granted an injunctive ruling by a court to bar the seller disposing of the property to a third party, so the only remedy open via the contract will be the recovery of wasted charges and, in limited scenarios, the additional payment of damages.
When it comes to lenders such as Principality, do Rainham Kent lawyers have to pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
We have a mortgage agreed in principle with Virgin Money. Rainham Kent conveyancing solicitors were appointed. How long does it take for Virgin Money to forward the offer to the solicitor?
Some lenders take longer than others. Have Virgin Money conducted the survey? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer agreed on an apartment in Rainham Kent. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £200. A couple of days later, the solicitor called me to say that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am purchasing my first flat in Rainham Kent with a loan from Bank of Ireland. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent told me not to tell my solicitor about this deal as it would adversely affect my mortgage with the lender. 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.
I am looking for a leasehold apartment up to £245,000 and found one near me in Rainham Kent I like with open areas and station in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Rainham Kent for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage that many years may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I am using a search engine for the phrase conveyancing in Rainham Kent it reveals many conveyancerslocally. How do I determine which is the right conveyancer for purchase transaction?
The best way of finding a suitable conveyancer is via personal referral, so ask colleagues and relatives who have bought a property in Rainham Kent or the respected estate agent or financial adviser. Costs for conveyancing in Rainham Kent vary, so it's sensible to request a minimum of four fee calculations from different solicitors. Be sure to secure confirmation that the fees are fixed.