I am need of leasehold conveyancing for an apartment in a fairly new development (seven years old) in Bordon. 95% of the flats are already disposed of. Do I need carry out the conveyancing searches for my conveyancing in Bordon?
You would be opening yourself up to an unnecessary risk in not carrying out Bordon conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in no uncertain terms that you have them. If accelerating the process and expenses are primary issues you should discuss with your solicitor about the possibility of search insurance
We wanted to use a conveyancing solicitor in Bordon for our house move. Our financial adviser has since notified us that our bank Godiva Mortgages Ltd won't deal with them. Surely this is unfair competition?
Before the recession most mortgage companies had a different appetite for risk. Almost all Bordon conveyancing firms would have been on most lender panels. The Financial Services Authority in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms about their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum volume of transactions. Many Bordon conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Bordon is amongst the thousands of areas where the lawyers we list are are approved Godiva Mortgages Ltd.
A colleague suggested that where I am buying in Bordon I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Bordon conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Bordon around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bordon Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Bordon.
I'm purchasing a new build house in Bordon with a loan from Chelsea Building Society. The sellers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not to tell my conveyancer about this deal as it could put at risk my loan with the bank. 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.
How easy is it to switch solicitor as I need to find one who is on the Birmingham Midshires conveyancing panel. I instructed a high street conveyancing solicitor in Bordon round the corner but she is not accepted by Birmingham Midshires
It would be our pleasure to help you select a conveyancing solicitor in Bordon on the Birmingham Midshires panel. Please note that the law firms that we list do not pay us commission if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Bordon. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Bordon.
Your search tool is useful but there are many lawyers listed near Bordon being on the bank conveyancing panel. Can you recommend a specific firm on the lender approved panel?
We are not in the business of recommending one firm above another as the right Bordon conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Bordon knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..