I am purchasing a terraced house in Bollington. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bollington you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bollington.
If you had a top tip for choosing a conveyancing solicitor in Bollington what would it be?
We would encourage you not to base your choice on the lowest Bollington conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
We previously instructed conveyancers with offices in Bollington on the Aldermore solicitor panel. They are now charging me an additional fee for the legal aspects of the Aldermore mortgage. Is this a supplemental conveyancing fee specified by Aldermore?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. This charge is not dictated by Aldermore but by your Bollington conveyancing practitioner. Numerous firms on the Aldermore panel will levy ’dealing with mortgage’ fee and others do not.
The formalities of my purchase has taken place for my property in Bollington. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
It has been 4 months since my purchase conveyancing in Bollington 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'm purchasing a new build house in Bollington with a loan from Britannia. The developers refused to move on the price so I negotiated £7000 of extras instead. The estate agent suggested that I not inform my lawyer about this side-deal as it could impact my mortgage with Britannia. 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.
I decided to have a survey completed on a house in Bollington in advance of retaining conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders tend not issue a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bollington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bollington to see if the conveyancing will be more expensive.
Taking into account that I am about to spend £400,000 on a terraced house in Bollington I would like to have a conversation with the conveyancer concerning thehome move prior to appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be conducting your property ownership legalities in Bollington.There is no ‘factory style conveyancing’ - each client is unique person, not a case number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Bollington should be the amount on the final invoice that you are charged.