I am soon to exchange on the purchase of a house in Buckfastleigh and Dean but as a result of wreckage from the recent storms I have was able negotiate recompense from the current proprietors in the sum of £2k by way of a deduction in the price. I had intended this to be dealt with as part of a side agreement yet Yorkshire BS will not permit this. Should they have been involved?
The conveyancer that is on a Yorkshire BS conveyancing panel is required to advise Yorkshire BS of any amendments to the purchase price. If you were to refuse your property lawyer to disclose the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new solicitor for your conveyancing in Buckfastleigh and Dean.
My wife and I are buying a flat in Buckfastleigh and Dean. It might be a silly question but how we can trust a lawyer? At some point we will need to send our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I recently had an offer accepted on a house in Buckfastleigh and Dean. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. Shortly after, the conveyancer contacted me to say that they were not on the Coventry BS 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 Coventry BS 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.
Intending to buy a maisonette in Buckfastleigh and Dean. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Buckfastleigh and Dean solicitor is on the Lloyds conveyancing panel.
My wife and I purchased a semi-detached Georgian house in Buckfastleigh and Dean. Conveyancing lawyer represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Buckfastleigh and Dean and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who completed the work.
I am buying a new build house in Buckfastleigh and Dean with a loan from Accord Mortgages Ltd. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my conveyancer about this side-deal as it may 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.
I need to instruct a conveyancing solicitor for residential conveyancing in Buckfastleigh and Dean. I have land on a web site which seems to have the perfect solution If it is possible to get all formalities done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
The conveyancers conducting our conveyancing in Buckfastleigh and Dean has sent documents to review that reveal that the property is unregistered with epitome documents. Why is the property not yet recorded at HM Land Regsitry?
It is rare for premises in Buckfastleigh and Dean to be unregistered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Buckfastleigh and Dean conveyancing practitioners should be familiar with this type of conveyancing but where uncertainty prevails the standard guidance presently is for the current owners to register it first and thereafter sell - this will have a knock on effect to cause a significant delay.