This question may be naive but I am wet behind the ears as a 1st time buyer of a ground floor flat in Shepton Mallet. Do I receive the keys to the property on the completion date from my conveyancer? If so, I will find a High Street conveyancing solicitor in Shepton Mallet?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
We have agreed to purchase a house in Shepton Mallet. One unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Virgin Money your lawyer must check the conveyancing requirements contained in Part two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Virgin Money where a lease fails to comply with these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Shepton Mallet.
I have instructed a Shepton Mallet conveyancing practitioner having made sure that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Shepton Mallet postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in Shepton Mallet.
I require expedited conveyancing in Shepton Mallet as I am faced with pressure to exchange contracts in less than one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches carried out although no solicitor would advise that you don't. With plenty of history conveyancing in Shepton Mallet the following are instances of what can show up and adversely affect market value: Enforcement Notices, Overdue Fees, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Shepton Mallet?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Shepton Mallet. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Shepton Mallet with a loan from Bank of Scotland. The developers would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not inform my conveyancer about the extras as it may put at risk my loan with Bank of Scotland. Is this normal?.
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 is different about your site and other online quote calculators when it comes to conveyancing in Shepton Mallet?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Shepton Mallet. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your property ownership legalities in Shepton Mallet
I need to find a conveyancing solicitor for my conveyancing in Shepton Mallet. I've chance upon a site which seems to have the ideal solution If it is possible to get all the legals done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?