I went with a Sandown based lawyer for my conveyancing in Sandown last week. Going through the official terms of business I notewe are liable for charges even if the sale aborts. Would I be best advised to appoint an internet conveyancing brokerage advertising no move no charge conveyancing in Sandown?
It is usually a trade off in that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be higher to neutralise the cases that abort. You should be mindful that these arrangements generally do not cover outlay for instance Sandown conveyancing search fees.
I have given 2 months notice to my existing landlord and must be out of my rented property in Sandown by 17/1/2025. Conveyancing on my purchase is underway. How realistic is it to complete in 5 weeks as I wish to avoid having to find short term accommodation?
It is unwise to give notice on a rental until your lawyer suggests that you should. Assuming that you have not previously done so, update to your conveyancer and ask them to they cajole the sellers side, try to an acceptable time-line that all parties will work towards
My fiance and I are buying a newbuild flat in Sandown with a loan from Aldermore.We have a Sandown conveyancing solicitor but Aldermore advised that her practice is not on their approved list of member firms. we are left little option but to use a Aldermore panel lawyer or retain our local solicitor and pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you contains terms and conditions, one of which will be that conveyancers must be on the Aldermore approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Aldermore
I'm buying my first flat in Sandown with a loan from Norwich and Peterborough Building Society. The developers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not reveal to my lawyer about this extras as it may affect my mortgage with Norwich and Peterborough Building Society. Do I keep my lawyer in the dark?.
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.
Due to the guidance of my in-laws I had a survey completed on a house in Sandown prior to appointing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders tend not give a loan on a flying freehold premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. 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 Sandown. Conveyancing will be smoother if you use a solicitor in Sandown especially if they are acquainted with such properties in Sandown.
I see that you have a post code search directory identifying firms on the lender conveyancing panel. Do Sandown conveyancing firms pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Sandown.