My IFA requires my Bude solicitor’s panel member for the HSBC conveyancing panel. What is the best way to discover this. I have tried my local Bude branch but they have not got back to me yet.
Have you tried calling your Bude property lawyer about this?. Most Bude law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
Our son is in the process of securing a new build apartment in Bude with a mortgage from Bank of Ireland. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
It has been three months since my purchase conveyancing in Bude completed. I have checked the Land Registry site which shows that I paid £175,000 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Bude before retaining solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks will refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bude. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother has encouraged me to instruct his lawyers for conveyancing in Bude. Should I use them?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to seek guidance from friends or relatives who have actually experience in using the solicitor you're are thinking of instructing.
Me and my partner are FTB’s just having agreed a price on a property in Bude, and are about to get solicitors lined up. We have made use of the numerous comparison tools and the results are from all across the country. Is it necessary to have a Bude lawyer local to your prospective property? I am fine to do everything electronically, but I am thinking at some point we will be required to visit the lawyer's office to sign contracts?
The solicitor does not need to be in Bude, but choosing local means that you can go in if you need to, for instance, if a signature is immediately necessary. Also, a Bude solicitor is likely to be familiar with local agents and (if the vendor has instructed a local property lawyer) with them, which will help keep things moving faster.