We see that you have a post code search directory identifying solicitors on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Baguley?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Baguley.
Should my lawyer be raising enquiries regarding flooding during the conveyancing in Baguley.
Flooding is a growing risk for solicitors dealing with homes in Baguley. Some people will acquire a property in Baguley, completely aware that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, but there are a various searches that can be initiated by the buyer or by their solicitors which should give them a better understanding of the risks in Baguley. The standard information given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a standard question of the owner to find out whether the property has suffered from flooding. If the property has been flooded in past and is not revealed by the seller, then a buyer may commence a claim for damages resulting from an misleading response. The buyer’s conveyancers should also commission an environmental report. This should higlight whether there is a recorded flood risk. If so, additional inquiries should be initiated.
I am purchasing my first flat in Baguley with a mortgage from TSB. The sellers would not reduce the amount so I negotiated £7000 of extras instead. The house builders rep advised me not inform my lawyer about the side-deal as it could put at risk my mortgage with TSB. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Baguley is where the house is located. Can you offer any assistance?
Flying freeholds in Baguley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Baguley you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Baguley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no fees for commercial conveyancing in Baguley for below 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Baguley, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. Regarding the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or call us so that we may furnish you with a fixed commercial conveyancing calculation.
I am about to exchange buying a property in Baguley but as a result of damage from the recent storms I have negotiated reparation from the vendor of five thousand pounds taking the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process but the lender will not agree to this. Why were they approached?
Any property lawyer being on a mortgage company approved list is required to advise the lender of any amendments to the purchase figure. In the event that you were to refuse your conveyancing practitioner to disclose the reduction to your mortgage company then they would need to discontinue representing you and the lender.