What can a local search reveal concerning the property we're buying in Shaftesbury?
Shaftesbury conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example PSG The local search plays an important role in many a Shaftesbury conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
It has been 2 months following my purchase conveyancing in Shaftesbury took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Shaftesbury 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 sale representative told me not reveal to my conveyancer about this deal as it would jeopardize my loan with the bank. 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.
Are there any apps to assist me to search for a Shaftesbury solicitor on the Nationwide Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 10miles to meet the lawyer.
You can use the tool on this website. Please select a mortgage company and your location and you will see a number of Shaftesbury conveyancing lawyers based on proximity. We have detailed some Shaftesbury conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Nationwide Building Society panel
I am a fortnight into a residential purchase having been referred to solicitors by the local agent to handle our conveyancing in Shaftesbury. We are not happy. Can you help me find new lawyers?
They would need to be really poor to suggest replacing them. Has the mortgage offer been generated? In the event that it has you will need to advise them of the new conveyancer and ensure the loan are issued to the new lawyers. Your new conveyancer needs to be on the banks approved list to avoid escalating costs and complications. So that should be your first question of the new conveyancers. Our search tool should assist you in finding a bank approved solicitor for your conveyancing in Shaftesbury
At last I have had an offer on an flat in Shaftesbury agreed to, the seller does however have a connected purchase. The current proprietors have offered on a flat, although it’s not yet agreed to, and has viewings of other flats booked. I have selected a local conveyancing solicitor in Shaftesbury. What do I do now? At what stage do I apply for the mortgage with Principality?
It is normal to have concerns where there is a chain given your reluctance to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Shaftesbury conveyancing search charges, etc). First, you must check that your conveyancing practitioner is on the Principality conveyancing panel. Regarding the next phase this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a rising market some purchasers would apply for a home loan with Principality and arrange for the survey and only if it was satisfactory would they pay their conveyancing practitioner to move forward with searches.