I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to instruct a high street conveyancing solicitor in Cholsey?
Do check but the chances are that allocate you one of their panel solicitors where you take up the "fee-free" incentive. Speak to the mortgage company to see if they offer you a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Cholsey.
What is your number one tip for finding a conveyancing solicitor in Cholsey
Do not opt for the lowest Cholsey conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I'm spending time looking at houses in Cholsey and I am about to put in an offer. Should I already have a conveyancer in place at this point? I will be getting a home loan with TSB.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are getting a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Cholsey is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 2 months following my purchase conveyancing in Cholsey concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 property 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.
How does conveyancing in Cholsey differ for new build properties?
Most buyers of new build or newly converted property in Cholsey approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Cholsey typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Cholsey or who has acted in the same development.
I decided to have a survey done on a property in Cholsey prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks may refuse to give a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you 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 Cholsey. Conveyancing will be smoother if you use a solicitor in Cholsey especially if they regularly deal with such properties in Cholsey.
I was pointed in your direction by numerous selling agents in Cholsey to choose a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to recommend your services over alternative conveyancing organisations?
We refuse to give any referral fee for sending work in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.