Would the conveyancing lawyers listed on your site carry out attended exchange conveyancing in Clevedon?
We do have a number of conveyancing experts carrying out one day exchanges. Please contact us to secure a fee calculation and details as to dates.
Having sold my house in Clevedon last June but the buyer keeps calling me to moan that his solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your disposal your lawyer is committed to send the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer must also confirm that the legal charge in favour of the lender has been discharged to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Clevedon.
What happens if my lawyer’s firm is suspended from the RBS Solicitor panel ahead of completing my conveyancing in Clevedon?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Should my conveyancer be making enquiries about flooding as part of the conveyancing in Clevedon.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Clevedon. Plenty of people will purchase a property in Clevedon, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, but there are a number of searches that may be undertaken by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Clevedon. The standard property information forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the vendor to determine if the property has suffered from flooding. In the event that the property has been flooded in past which is not notified by the seller, then a purchaser may commence a compensation claim as a result of such an incorrect reply. The purchaser’s conveyancers will also conduct an environmental report. This will higlight whether there is a recorded flood risk. If so, further inquiries should be initiated.
I'm buying a new build house in Clevedon with a mortgage from Norwich and Peterborough Building Society. The builders refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not to tell my lawyer about this deal as it may impact my loan with the lender. Do I keep my lawyer in the dark?.
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 am looking for a leasehold apartment up to £305k and identified one near me in Clevedon I like with a park and railway links in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Clevedon in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the shortness of the lease may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.