I decided to go with a high street lawyer for my conveyancing in Blandford Forum last week. Reviewing the Ts and Cs I seeI am liable for costs even if the sale doesn't happen. Should I go with them or use an internet firm advertising no completion no cost conveyancing in Blandford Forum?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be uplifted to counteract those transactions that fail to complete. Do bear in mind that such offerings generally do not cover disbursements e.g. Blandford Forum conveyancing search expenses.
Is there a reason why leasehold purchase conveyancing in Blandford Forum costs more?
In summary, leasehold conveyancing in Blandford Forum and elsewhere usually involve additional work compared to freehold transactions. This includes lease investigation, communicating with the landlord about serving applicable notices, obtaining current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
I am considering applying for a Principality mortgage for purchase of a newly converted (under development) in Blandford Forum with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am downsizing from our house in Blandford Forum and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a factory type conveyancing outfit rather than a conveyancing solicitor in Blandford Forum. Having lived in Blandford Forum for many years we know of no issue. Should we contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I'm purchasing a new build house in Blandford Forum with a mortgage from National Westminster Bank. The developers refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep told me not to tell my lawyer about this side-deal as it could impact my loan with National Westminster Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Myself and my husband have recently had an offer agreed on a property and had an appointment on Tuesday with Nationwide for the mortgage. They have informed us that when it comes to appointing a lawyer that if they are not on their approved panel of lawyers then we will be subject to an a further charge of about two hundred pounds. This is is due to the fact that they will then have to select a solicitor to act for them as well as the one we select for ourselves and we will be on the hook for their costs. I have asked Nationwide to provide me with a list so I can seek estimates only from their approved lawyers but was told they dont have such a list to hand over. What would be the best way of going about this?
Ask Nationwide what their criteria for joining their panel is for a solicitor.Thereafter ask the conveyancer of your choice whether they fit that criteria and have they acted on mortgages for Nationwide previously. If the answer to those is yes, then just double check with Nationwide. Another option is to make use of our search tool and we should be able to find you a property lawyer in Blandford Forum on the panel for Nationwide.