I can't travel far from Bude. What is the rationale as to why all Bude conveyancing practitioners aren't included on all bank panels?
Before the recession most banks demonstrated an approach to risk which is different from today. The Financial Services Authority in 2010 conducted a thematic review into fraud which in summary warned lenders: know the solicitors on your panel. As a result, mortgage companies have subsequently looked to extract more information from law firms concerning their operations and the individuals employed by them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have found themselves removed from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the minimum volume of transactions the mortgage companies set.
My wife and I swapping mortgage lender for our penthouse in Bude with Kent Reliance. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this document specific to the Kent Reliance conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Kent Reliance. This is solely used to protect Kent Reliance if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Kent Reliance had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Can I use your services to find a Conveyancing solicitor in Bude even if I’m not buying or disposing of a house, for instance if I wish to buy an office in Bude with a loan from Nottingham Building Society?
Our search tool is predominantly used to locate domestic conveyancing solicitors in Bude but we have listed towards the end of this page a selection of Bude commercial conveyancing firms. You should enquire with the solicitors directly to see if they can also act for Nottingham Building Society
A relative advised me that where I am purchasing in Bude I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Bude conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Bude around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local 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 data about Bude.
What makes your site different to other online quote calculators when it comes to conveyancing in Bude?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Bude. As opposed to estate agents and brokerage sites we do not operate referral arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the most per referral, as opposed to the best value conveyancing in Bude
I have been told by numerous estate agents that it should take up to two months for Bude conveyancing to complete.This was 3 ago. The paperwork was only received from the vendors solicitor yesterday so does the clock start running now?
It would be unwise bank on counting down a two month period. Answering precisely how long Bude conveyancing will take is virtually impossible. Every property has it’s bespoke set of concerns. As a result your conveyancer will find it difficult to give representations as to how long it will take to complete your conveyancing in Bude.