We went with a Belmont based solicitor for our conveyancing in Belmont today. Upon checking the official terms of business it is apparent thatwe are responsible for costs even where the transaction does not complete. Should I go with them or instruct a web based conveyancing brokerage who offer no completion no cost conveyancing in Belmont?
Generally there is a concession along the lines that if "No Completion No Fee" is advertised then the conveyancing charges will tend to be be higher to counteract the transactions that fail to complete. Please beware that such schemes tend not to protect you from outlay for instance Belmont conveyancing search costs.
I have given 8 weeks notice to my current landlord and must be out of my let out property in Belmont by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in a couple of weeks as don't want to have to find short term accommodation?
It is unwise to serve notice for your tenancy until you have exchanged. Assuming that you have not previously done so, notify to your conveyancer and request that they chase the sellers side, try to get a realistic time scale from them that everyone will look towards
I just bought a house at auction in Belmont. Conveyancing is needed. What happens now?
Given that you are now exchanged you must instruct a conveyancing solicitor quickly as you are facing a pending a fixed date to complete the conveyancing. Every auction property will have a corresponding auction pack. This should include evidence of title and search results. In the case of leasehold premises the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You need to hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
I recently had an offer agreed on a house in Belmont. My mortgage broker pressured me to appoint their solicitor. I paid an upfront payment of £200. A couple of days later, the solicitor contacted me sheepishly admitting that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Belmont is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm buying my first flat in Belmont benefiting from help to buy. The sellers refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not disclose to my lawyer about the extras as it would impact 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.
Due to the input of my in-laws I had a survey completed on a property in Belmont ahead of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. 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 assist as they are used to dealing with flying freeholds in Belmont. Conveyancing will be smoother if you use a solicitor in Belmont especially if they are accustomed to such properties in Belmont.
In my capacity as executor for the will of my grandmother I am selling a property in Newport but reside in Belmont. My lawyer (based 250 kilometers awayhas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Belmont who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are located in Belmont