We went with a high street lawyer for our conveyancing in Settle yesterday. Upon checking the terms of engagement it is apparent thatwe are responsible for charges even if the movedoes not proceed. Should I go with them or select an on-line firm who offer no-sale-no-fee conveyancing in Settle?
Generally there is a concession along the lines that if "No Completion No Fee" is offered then the fee levels will tend to be be uplifted to cover those transactions that fail to complete. Please beware that such schemes rarely protect you from expenses such your Settle conveyancing search charges.
About to place a bid on a leasehold flat in Settle. The estate agents advise that it is normal for flats in Settle to have less than 75 years left on the lease. I am expecting a loan with Tesco Bank. Will the property be mortgageable given that the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/7/2024 the requirements read as follows :
We are purchasing a house in Settle. I might seem paranoid but how we can trust a solicitor? At some point we have to put funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My partner and I are spending time viewing apartments in Settle and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Clydesdale.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are getting a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat in Settle. I have a mortgage offer with UBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
I'm buying my first flat in Settle with a mortgage from Platform Home Loans Ltd. The developers refused to reduce the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my lawyer about this extras as it will affect my mortgage with the bank. Should I keep quiet?.
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.
What does commercial conveyancing in Settle cover?
Commercial conveyancing in Settle covers a broad range of services, provided by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My father-in-law has recommend that I appoint his conveyancers in Settle. Should I choose my own property lawyer?
No doubt the best way to choose a conveyancing practitioner is to get guidance from friends or relatives who have previously instructed the solicitor you're are thinking of instructing.