We are purchasing a newly constructed apartment in Torrington and my solicitor is telling me that she is duty bound to the lender to disclose incentives from the builder. I am under pressure to exchange contracts and my preference is not to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We see that you have a search directory listing firms on the Barclays conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Torrington?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Torrington.
I have justdiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Torrington for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest way to see if the premises is in your name, 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 Torrington conveyancing specialists.
I opted to have a survey completed on a house in Torrington before retaining lawyers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders tend not issue a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Torrington. Conveyancing will be smoother if you use a solicitor in Torrington especially if they are acquainted with such properties in Torrington.
I am using a search engine for the words conveyancing in Torrington it shows results of many conveyancersin the area. How do I determine which is the suitable property lawyer for my move?
The preferential method of seeking a suitable conveyancer is through a personal testimonial, so enquire of friends and relatives who have acquired a property in Torrington or a respected estate agent or mortgage broker. Charges for conveyancing in Torrington vary, so it's sensible to secure at least four fee estimates from different conveyancers. Be sure to seek confirmation that the fees are fixed.
We are in the process of buying a home in Torrington. Conveyancing is not yet done but we would like have the amount we are are purchasing for confidential from sites such as Zoopla. what can I do to ensure this is not revealed?
HMLR as a matter of law required to reveal price sold information on the official title for residential properties nationwide including premises in Torrington. The register of title is a public document, so HMLR would be breaching their statutory obligations excluded specific properties such as your property in Torrington.
You can ask the Land Registry to withhold the price paid data but the response will be in the negative.