I plan on buying a ground floor flat in Ripley. My lawyer has never been on on the lender solicitor list. Is it possible for me to retain my Ripley conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You have a couple of alternatives open to you here
- Complete the purchase with your chosen Ripley solicitor but your lender will no doubt retain a solicitor from their conveyancing panel. The net result is additional charges and potential interruption.
- Get a new lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your lawyer to pull out all the stops to get accepted on the mortgage company conveyancing panel
My wife and I are acquiring a newly constructed flat in Ripley and my lawyer is informing me that she has to the mortgage company to disclose incentives from the builder. I am under pressure to sign contracts and my preference is not to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Having sold my house in Ripley last November but my buyer keeps calling me to say her conveyancer is waiting to hear from mylawyer. What are the post completion sale formalities now that I have sold?
Following your disposal your conveyancer is committed to deliver the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Where relevant, your lawyer should also evidence that the home loan has been redeemed to the purchasers conveyancers. There are no post completion procedures specific conveyancing in Ripley.
A relative recommended that where I am purchasing in Ripley I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Ripley conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Ripley around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Ripley Education with maps and statistics, Local Amenities and other useful data concerning Ripley.
How does conveyancing in Ripley differ for new build properties?
Most buyers of new build residence in Ripley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Ripley typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ripley or who has acted in the same development.
In searching the web for the term conveyancing in Ripley it reveals numerous conveyancersin the vicinity. How do I determine which is the suitable solicitor for my move?
The best way of finding the right conveyancer is via personal referral, so seek the counsel of friends and relatives who have purchased a property in Ripley or a local estate agent or mortgage broker. Costs for conveyancing in Ripley vary, so it's a good idea to request at least three fee calculations from varying types of conveyancers. Make sure that you know that the charges are guaranteed not to rise.