My wife and I are about to exchange buying a house in Tetbury but as a result of damage from some water damage at the property I have was able negotiate compensation from the owner in the sum of £2k by way of a reduction in the price. I had intended this to be addressed as part of the conveyancing process however Principality are not allowing this. Should they have been informed?
The conveyancing practitioner being on a Principality approved list is required to inform Principality of any variations to the sale price. If you were to refuse your conveyancing practitioner to disclose the price change to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new solicitor for your conveyancing in Tetbury.
Why do I have to pay up front when it comes to conveyancing in Tetbury?
Where you are retaining lawyers for conveyancing in Tetbury your lawyer will ask you put them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the total price then this will be asked for immediately ahead of contracts are exchanged. Any further balance that is needed should be transferred a couple of days prior to the completion date.
I am planning to acquire a flat and require a conveyancing solicitor in Tetbury who is on the Aldermore conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Aldermore in certain locations such as Tetbury. We dont recommend any particular firm.
I completed on my house on 14 May and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Tetbury expressed confidence that it will be dealt with in a couple of weeks. Are properties in Tetbury uniquely lengthy to register?
As far as conveyancing in Tetbury is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can differ according to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. As of today approximately 80% of such applications are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Historically registration occurs once the purchaser has moved in to the premises so post completion formalities is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
I'm buying my first flat in Tetbury benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The property agent advised me not disclose to my conveyancer about this deal as it could jeopardize my mortgage with the bank. 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 advice can you give us when it comes to choosing a Tetbury conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Tetbury conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with two or three firms including non Tetbury conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
-
If they are not ALEP accredited then why not? Can they put you in touch with clients in Tetbury who can give a testimonial?
Leasehold Conveyancing in Tetbury - Sample of Queries before Purchasing
-
Is anyone aware of any major works in the near future that will likely increase the service charges? Is there a share of the freehold? Its a good idea to find out as much as you can regarding the managing agents as they will either make your life much simpler or much more difficult. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the common parts. Ask other people if they are happy with their management. On a final note, be sure you know the dates that you are obliged pay the maintenance charge to the managing agents and precisely what you get for your money.