It has come to my attention via my financial adviser that my Watchet solicitor is not on the bank Solicitor panel. What can I do to be sure if this is correct?
Your first step should be to call your Watchet lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
We have very brash sellers who has suggested a lock out contract with a payment of 5k. Are such agreements sensible?
Exclusivity contracts are agreements binding a home seller and purchaser granting the buyer a ‘clear field’ to purchase the property for a certain period of time. For all intents and purposes, an exclusivity agreement is a contract specifying that you should have a contract at a later time which is the main conveyancing contract. It tends to be used for buyer assurance though in some cases, the seller may stand to benefit from such agreements as well. There are numerous positives and negatives to using an agreement but you should to check with your solicitor but note that it may result in incurring more in conveyancing fees. For this these contracts are unusual when it comes to conveyancing in Watchet.
Can I use your services to recommend a Conveyancing solicitor in Watchet even if I’m not buying or selling a house, for example where I intend to acquire a shop in Watchet with a loan from Nottingham Building Society?
Our search tool is mainly used to select residential conveyancing solicitors in Watchet but we have listed towards the end of this page a few Watchet commercial conveyancing firms. You should speak with the solicitors directly to establish if they can also act for Nottingham Building Society
My wife and I are buying a flat in Watchet. I might seem paranoid but how we can trust a lawyer? At some point we have to send money into their account. What protection do we have from them run away with our deposit?
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 bid for a property was accepted at auction in Watchet. Conveyancing is needed. What are my next steps?
Given that you have now legally committed yourself to purchase you will need to retain a conveyancing solicitor quickly as you are facing a pending deadline in which to complete the conveyancing. All auction property should have an associated auction pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You need to hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
A friend pointed out to me me that in buying a property in Watchet there could be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Watchet which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Watchet should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have recentlyfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Watchet for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Watchet conveyancing specialists.
I'm purchasing a new build house in Watchet with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not inform my solicitor about the deal as it could adversely affect my loan with the lender. 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.