The Bourne conveyancing solicitors that I appointed last week on my purchase in Bourne have suddenly shut down. They were on acting for me because I needed a firm on the Clydesdale conveyancing panel and my preferred Bourne lawyer was not. I cut them a cheque for £250 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
Forgive me if this question is silly but I am new to the home buying as FTB of a ground floor flat in Bourne. Do I receive the keys to the house on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Bourne?
On the day of completion you will not be required to go to the conveyancers office in Bourne. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be called to collect the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
We were going to get a OIP from Santander this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Santander recommend any Bourne solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Bourne solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
My offer on a semi in Bourne has been agreed to, but there is a chain. The owners have placed an offer on on an apartment, however it’s not been accepted yet, and have viewings of other properties booked. I have chosen a high street conveyancing solicitor in Bourne. What do I do now? At what stage do I apply for the mortgage with Coventry BS?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of one thousand pounds, then valuation, Bourne conveyancing search fees, etc). The first course of action is to ensure that your conveyancing practitioner is on the Coventry BS conveyancing panel. As to the subsequent steps this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. During a hot market the majority of home buyers would apply for the mortgage with Coventry BS and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Bourne.
It has been 3 months since my purchase conveyancing in Bourne took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 premises 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.
My husband and I are FTB’s - had an offer accepted, yet the property agent has warned us that the vendor will only go ahead if we use the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a local solicitor used to conveyancing in Bourne
It is highly unlikely the sellers are behind this. Should the owner want ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Bourne conveyancing firm - as opposed tothose that will provide their negotiator at the agency a introducer fee or achieve conveyancing thresholds pre-set by senior management.
I am on look out for some leasehold conveyancing in Bourne. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Bourne - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Bourne Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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Be sure to enquire if the the lease includes any onerous restrictions in the lease. For instance it is reasonably common in Bourne leases that pets are not permitted in certain buildings in Bourne. If you like the propertyin Bourne yet your dog can’t make the move with you then you will be faced hard compromise. The answer will be helpful as a) areas may result in problems in the block as the common areas may begin to deteriorate if maintenance remain unpaid b) if the leaseholders have an issue with the running of the building you will wish to have all the details Is there a share of the freehold?
What is the reason for new build conveyancing in Bourne being more expensive?
Conveyancing in Bourne for newly converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional investigations and contractual concerns.