Why do I have to pay up front for my conveyancing in Bodmin?
If you are buying a property in Bodmin your solicitor will ask you to provide them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is payable against the total price then this will be required immediately in advance of contracts are exchanged. The closing balance that is needed should be transferred a couple of days ahead of the day of completion.
What is the difference between a licensed conveyancer and conveyancing solicitor in Bodmin
Two types of professional can carry out conveyancing in Bodmin namely licenced conveyancers or solicitors. The two can provide conveyancing services that required to complete the disposal or acquisition of property. They are both obliged to perform Bodmin conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that the requisite steps should be appropriately taken.
I recently had an offer agreed on a house in Bodmin. My mortgage broker suggested a property lawyer. I paid an advanced payment of £225. A few days later, the conveyancing practitioner contacted me sheepishly admitting that they were not on the RBS 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 RBS 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.
RBS have agreed my mortgage in principle, my offer on a house in Bodmin has been agreed to, now what?
Your estate agent will wish to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the lender’s approved list). Call up RBS or your financial adviser and finish off any outstanding documentation. RBS will instruct a valuer who will get in contact with the selling agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. RBS will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bodmin.
three months have elapsed following my purchase conveyancing in Bodmin completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Bodmin benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of extras instead. The estate agent advised me not to tell my lawyer about this side-deal as it will adversely affect my mortgage 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.
I have been on the look out for a flat up to £305k and found one close by in Bodmin I like with a park and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Bodmin in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Is there anything unique about your site and alternative internet conveyancing brokers when it comes to conveyancing in Bodmin?
At this site get a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Bodmin. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Bodmin