I have given 8 weeks notice to my current landlord and have to be out of my rented property in Canford Heath by 14/8/2025. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as I wish to avoid having to find short term accommodation?
It is unwise to provide notice on a rental unless your lawyer suggests that you should. Assuming that you have not previously done so, contact to your conveyancer and ask them to they chase the owners side, try to get a realistic time scale from them that all parties will aim towards
In what way does my ID and proof of funds have anything to do with my conveyancing in Canford Heath? Is this really warranted?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Client Care letter that you need to sign should reaffirm this. Your lender will also require certain documents to be viewed. Should you are unwilling to supply ID verification documents, your lawyer can not take you on as a client.
My home in Canford Heath is up for sale and I have a purchaser. Does the conveyancing practitioner need to be on the Coventry BS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
What is the difference between a licensed conveyancer and conveyancing solicitor in Canford Heath
Two types of professional can conduct conveyancing in Canford Heath namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or acquisition of property. They are both obliged to handle Canford Heath conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that all requisite steps will be correctly followed.
We previously instructed solicitors with offices in Canford Heath on the HSBC solicitor approved list. They are now charging me a further charge for handling the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your conveyancer may levy a fee for this. This charge is not set by HSBC but by your Canford Heath property lawyer. Numerous firms on the HSBC panel will quote an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
Completion of my remortgage has taken place for my property in Canford Heath. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I am purchasing a new build house in Canford Heath with a loan from Aldermore. The sellers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not reveal to my lawyer about this side-deal as it will adversely affect my loan with Aldermore. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Canford Heath I like with open areas and station nearby, however it only has 51 remaining years left on the lease. I can't really find anything else in Canford Heath in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.