Our lender has suggested a law firm on their panel based in Corston but I would rather choose a conveyancing lawyer in Corston local to me. Are you able to help?
It is by no means the case that all Corston conveyancing practices are approved and listed on all lender’s conveyancing panel. Use our search tool to find a Corston conveyancing firm on the on the bank panel.
We are buying a apartment in Corston. It might be a silly question but how we can trust a conveyancer? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unseasoned as a 1st time buyer of a garden flat in Corston. Do I pick up the keys to the house on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Corston?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
Nationwide have agreed my mortgage in principle, my bid on a house in Corston has been accepted, what happens next?
The estate agent will wish to know who your solicitors are (ensure that the property lawyers are on the bank’s approved list). Contact Nationwide or your financial adviser and complete any appropriate documentation. Nationwide will appoint a valuer who will get in touch with the estate agent or vendor to book a time for the valuation to occur. Once carried out (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Nationwide will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Corston.
I'm buying my first flat in Corston with a mortgage from Norwich and Peterborough Building Society. The sellers would not move on the price so I negotiated £7000 of extras instead. The estate agent suggested that I not reveal to my solicitor about the deal as it may adversely affect my mortgage with the lender. Should I keep quiet?.
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.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Corston is the location of the property. What do you suggest?
Flying freeholds in Corston are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Corston you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Corston may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is there anything unique about your site and alternative web based conveyancing solicitors when it comes to conveyancing in Corston?
At this site get a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Corston. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you choose them for your conveyancing in Corston
One month into purchasing a house in Corston. Conveyancing lawyer has phoned to say the title is "Leasehold". Should this impact the salability of the property?
Corston conveyancing does not in most situations involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's virtually freehold, so it’s unlikely to impact the marketability significantly.
On the flip side, if it's, say, fifty five years it will have a material effect on the saleability, and probably wouldn't be acceptable to the lender. The remaining lease term and ground rent will be set out in the lease which should be made available to your property lawyer.