We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would much rather instruct a Romney based conveyancing firm?
You should check but the chances are that appoint one of their panel solicitors if you want the "fee-free" offer. Call the lender and determine if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Romney.
I have recentlybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Romney for a purchase of a leasehold apartment 12 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is in your name, you can make 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 Romney conveyancing specialists.
I'm buying my first flat in Romney with the aid of help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my solicitor about this deal as it may adversely affect my mortgage with the lender. Should I keep quiet?.
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 decided to have a survey done on a property in Romney ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some banks may not grant a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you contact us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Romney. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by a few selling agents in Romney to get a quote from a conveyancer on your site. What’s the financial incentive for Estate Agents to market your site ahead of a competitor’s?
We refuse to offer any commission for directing people our way. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are novice buyers - agreed a price, yet the estate agent advised that the seller will only proceed if we appoint their preferred lawyers as they want an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Romney
It is improbable the owners are driving this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to appoint your preferred Romney conveyancing firm - not the ones that will earn the estate agent a commission or meet his conveyancing figures demanded by HQ.