Me and my fiancee are buying our first house. Our property lawyer has contact usto see if we wish to order supplemental conveyancing searches. As novices we are clueless as to what's appropriate for conveyancing in Biddulph
The type of Biddulph conveyancing searches should be dictated entirely on the premises, the location, the likelihood of any of these risks, your familiarity of the area and risks, your overall attitude to risk. What is important is that you adequately understand what information each search could give you. Then you can decide if you consider that you need that information. Should you be unclear, ask your conveyancer to recommend.
What does my ID and proof of funds have anything to do with my conveyancing in Biddulph? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Biddulph. Nowadays you can not complete any conveyancing deal if you have not supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Remember if you are providing your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your source of funds is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must have this information on file. Your Biddulph conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions regarding the source of funds.
Me and my partner are buying a property in Biddulph. It might be a silly question but how we can trust a conveyancer? On completion day we have to send our life savings into their account. What is the protection 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.
I had an offer accepted on an apartment in Biddulph on 18/8/2025, valuation was booked five days after, received a clean bill of health. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Are Nationwide entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
After what feels like an age I have had an offer on a flat in Biddulph accepted, but there is a chain. The sellers have offered on a property, however it’s not yet tied up, and have viewings of other flats booked. I have chosen a local conveyancing solicitor in Biddulph. What do I do now? When do I get the mortgage application with Coventry BS started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, Biddulph conveyancing search costs, etc). First, you should check that your lawyer is on the Coventry BS conveyancing panel. Regarding the subsequent stages this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. During a buoyant market the majority of home buyers would apply for a home loan with Coventry BS and arrange for the valuation and only if it was satisfactory would they ask their solicitor to move forward with the conveyancing in Biddulph.
Have completed on a a terraced house in Biddulph , What is the estimated time for the Land Registry to record my ownership? My Biddulph conveyancing solicitor has been painfully slow, so I want to check the land registry aspects are dealt with.
As far as conveyancing in Biddulph registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. As of today roughly 80% of such applications are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Registration is effected once the buyer has moved in to the premises so 'speed' is not typically primary concern but if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.
I'm buying a new build house in Biddulph with a mortgage from Chelsea Building Society. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not reveal to my solicitor about this side-deal as it may jeopardize my mortgage with the lender. 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.
My partner and I about to exchange buying a house in Biddulph but as a consequence of damage from the recent storms I have negotiated reparation from the vendor of £2k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my bank will not agree to this. Should they have been approached?
The solicitor being on the bank approved list is required to disclose to the mortgage company of any changes to the purchase figure. If you prohibit your solicitor to disclose the price change to your lender then they would need to discontinue acting for you and the mortgage company.