Recently been in touch with my conveyancing lawyer in Cockermouth who conducted the legals two years ago requesting a conveyancing estimate based on an identical type of home move (a leasehold property and a freehold premises) of almost identical values with a mortgage from Lloyds TSB Bank. I am now being charged twice the amount. Should I hunt for an alternative firm of conveyancing solicitor?
The quote is slightly on the high side. Where you are content to invest time comparing costs you could reduce the fees slightly by say £100 plus VAT. On the other hand, assuming were happy with the legal work the firm gave you maycome to regret opting for an an unknown solicitor. If is important to enquire that the solicitor can also act for Lloyds TSB Bank. You can employ our search tool to choose a Cockermouth conveyancing firm on the Lloyds TSB Bank conveyancing panel, which can often include conveyancing solicitors in Cockermouth.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to appoint a local conveyancing solicitor in Cockermouth?
You should check but the the likelihood is that appoint one of their panel conveyancers where you want the "fee-free" incentive. Speak to the lender and see if they offer you a cash alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Cockermouth.
I just bought a house at auction in Cockermouth. Conveyancing is needed. What are my next steps?
Having for in every practical sense signed on the dotted line you now have to hire the services of a conveyancing lawyer as a matter of urgency as you will have a tight a fixed date to complete the conveyancing. An auction property should have a corresponding legal set of papers. This will likely include most,if not all of the documents that your conveyancer will need. If you have purchased leasehold property the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You must hand this to the solicitor instructed by you ASAP. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
Last month we had a mortgage agreed in principle with Clydesdale. Cockermouth conveyancing solicitors have been appointed. How long does it take for Clydesdale to forward the offer to the property lawyer?
Some lenders take longer than others. Have Clydesdale done the valuation? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am selling my house. I had a double glazing fitted in March 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Coventry BS are being difficult. The Cockermouth solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am buying my first flat in Cockermouth with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of extras instead. The house builders rep told me not reveal to my solicitor about the deal as it may affect my mortgage with the bank. Should I keep quiet?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Cockermouth before instructing lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders may not give a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone 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 Cockermouth. Conveyancing will be smoother if you use a solicitor in Cockermouth especially if they are accustomed to such properties in Cockermouth.
Should I be suspicious by estate agents that I am dealing with are recommending a web based conveyancing firm rather than a local Cockermouth conveyancing company?
As is the case with lots of professional services, often referrals from relatives can be most helpful. But there are lots of parties with a keen interest in a conveyancing deal; estate agents, mortgage brokers and lenders may put forward solicitors to use. On occasion the solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the endorsement. You have the discretion to select your preferred conveyancer. However, bear in mind that most mortgage providers operate an approved list of conveyancers you must use for the lender related work in your house move.