Willinstructing a Woodbury conveyancing practice make my purchase more efficient?
Established third party relationships is an important consideration when appointing conveyancing lawyers. Woodbury law firms enjoy connections with lenders and Woodbury, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much smoother for you. Possessing years of experience in the local area is also a plus .
Having sold my house in Woodbury last September but my buyer keeps telephoning daily complaining that his conveyancer needs to hear from mine. What should my lawyer have done following completion?
Following your disposal your conveyancer is obliged to send the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer should also confirm that the mortgage has been paid off to the buyers conveyancers. There are no post completion steps specific conveyancing in Woodbury.
If you had a top tip for choosing a conveyancing solicitor in Woodbury what would it be?
We would encourage you not to base your choice on the lowest Woodbury conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
When it comes to lenders such as Yorkshire BS, do Woodbury conveyancing practitioners face an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have a mortgage agreed in principle with Santander. Woodbury conveyancing lawyers are appointed. How long does it take for Santander to forward the offer to the lawyer?
There is no definitive answer here. Have Santander conducted the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Various internet forums that I have visited warn that are the primary reason for hinderance in Woodbury house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Woodbury.
I am purchasing my first flat in Woodbury with a loan from Santander. The builders refused to reduce the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my conveyancer about this extras as it may impact my mortgage 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.
I opted to have a survey done on a house in Woodbury in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some lenders will not give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woodbury. Conveyancing may be slightly more expensive based on your lender's requirements.