I decided to go with a high street lawyer for our conveyancing in Colyers today. Looking through the Ts and Cs I seeI am responsible for fees even if our purchase doesn't happen. Would I be best advised to instruct a web based conveyancing company advertising no move no charge conveyancing in Colyers?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the fee levels will generally be uplifted to neutralise those cases that abort. Also remember that these deals tend not to cover disbursements for example Colyers conveyancing search charges.
Can I use your services to locate a Conveyancing solicitor in Colyers even where I’m not purchasing or selling a house, for example where I wish to acquire a shop in Colyers with a loan from Nottingham Building Society?
Our search tool is predominantly there to select residential conveyancing solicitors in Colyers but we have listed towards the end of this page a selection of Colyers commercial conveyancing firms. You will need to enquire with the solicitors directly to see if they can also act for Nottingham Building Society
I have been referred to a conveyancing solicitor in Colyers. I I would like to check if they are on the Lloyds TSB Bank approved list of lawyers. Can you assist?
You should call your lawyer and enquire if they can act for the lender. Alternatively you can call Lloyds TSB Bank who may be able to help.
Please help - my lawyer says that chancel insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Colyers?
The appropriate level of chancel indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and The Royal Bank of Scotland. Conveyancing solicitors as opposed to borrowers take out such policies.
I had a mortgage agreed in principle with Santander. Colyers conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from Santander?
Some lenders take longer than others. Have Santander done the survey? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I currently have a mortgage with Yorkshire BS for my property in Colyers. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Yorkshire BS?
Yorkshire BS must be informed of your intention before letting out your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. It may be that Yorkshire BS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. It should not be necessary to do this via a Yorkshire BS conveyancing panel solicitor.
I'm buying my first flat in Colyers with a mortgage from Coventry Building Society. The builders refused to budge the price so I negotiated £7000 of extras instead. The sale representative advised me not disclose to my conveyancer about this extras as it may adversely affect my loan with the lender. Is this normal?.
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 have been sourcing a conveyancing lawyer in Colyers for my home move. Is there any facility to see a firm’s record with the profession’s regulator?
Members of the public may see documented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For records Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA could monitor call for training purposes.