Please could you recommend a Bank of Ireland sanctioned Ventnor conveyancing lawyer who can have us moved in within under 3 weeks? Would it be better to use a high street Ventnor conveyancer or a nationwide firm?
We can recommend some very good Ventnor conveyancing firms. You can also walk up the high street in Ventnor. Go in to some well established law practices and ask to see a conveyancing solicitor for a fee estimate. Discuss your time frames together with the reasons and get an assurance on speed. Appoint the lawyer that you are most comfortable with.
Is there a reason why leasehold purchase conveyancing in Ventnor costs more?
The conveyancing charges for a leasehold property in Ventnor is inevitably more expensive when contrasted to a freehold residence. This is due to the extra time necessary in dealing with the landlord and management company to collate the evidence concerning whether the rent and service fee have been discharged and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.
Can you point me to a directory of Santander panel solicitors in Ventnor on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings visible online. If you are seeking to appoint a Ventnor conveyancing practitioner on the Santander please use our facility.
We previously selected conveyancers based in Ventnor on the Coventry BS solicitor approved list. They are now charging me a separate amount for the legal aspects of the Coventry BS mortgage. Is this an additional conveyancing fee set by Coventry BS?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your conveyancing practitioner may levy a fee for this. This fee is not dictated by Coventry BS but by your Ventnor conveyancer. Numerous firms on the Coventry BS panel will levy an ‘acting for lender’ fee but many firms include it on their overall fee.
Intending to buy a flat in Ventnor. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ventnor solicitor is on the Santander conveyancing panel.
I am buying my first flat in Ventnor with a mortgage from Clydesdale. The sellers refused to reduce the amount so I negotiated 6k of additionals instead. The estate agent advised me not to tell my conveyancer about the side-deal as it will adversely affect my loan 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.
I have been advised by numerous selling agents in Ventnor to find a solicitor using your seach tool. Is there a financial upside for Estate Agents to recommend your lawyers over a competitor’s?
We don’t make any commission for directing people in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
What are your top tips when it comes to finding a Ventnor conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Ventnor conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Ventnor conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
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What volume of lease extensions has the firm completed in Ventnor in the last twenty four months?
Ventnor Leasehold Conveyancing - A selection of Questions you should ask before buying
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The majority of Ventnor leasehold properties will incur a service charge for the upkeep of the building levied on behalf of the freeholder. Where you buy the flat you will have to pay this liability, normally periodically accross the year. This may differ from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a rentcharge to be met yearly, this is usually not a large sum, say about £50-£100 but you should to check as occasionally it could be surprisingly expensive. It would be prudent to discover if the the lease includes any adverse restrictions in the lease. For instance it is fairly common in Ventnor leases that pets are not permitted in certain buildings in Ventnor. If you like the apartmentin Ventnor yet your dog is not allowed to move with you then you will be faced hard choice.