Having been suggested to visit your web site we were about to use a conveyancing solicitor in Cotham recommended by you but stumbled across alternative estimates on the internet appear less expensive – why is this?
One can find a variety of solicitors offering theoretically looks to be very low prices. You should give due consideration as to how important this transaction is to you that you are willing to take 'cheap' risks with regard to the standard of the conveyancing. Some hide fees well inside the terms of engagement. The law firms that we list for conveyancing in Cotham neverbehave this way.
The Cotham conveyancing firm handling our Cotham conveyancing has discovered an inconsistency when comparing the information in the home valuation report and what is in the title deeds. My lawyer has advised that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Can your site be used to recommend a Conveyancing solicitor in Cotham even where I’m not purchasing or selling a house, for example if I intend to buy a shop in Cotham with a loan from Norwich and Peterborough Building Society?
The service is predominantly used to help choose residential conveyancing solicitors in Cotham but we have listed at the end of this page a selection of Cotham commercial conveyancing firms. You should make contact with the firm directly to establish if they can also act for Norwich and Peterborough Building Society
How does conveyancing in Cotham differ for newly converted properties?
Most buyers of new build or newly converted property in Cotham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Cotham tend to purchase the site, 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 property lawyers 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 accustomed to new build conveyancing in Cotham or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and identified one near me in Cotham I like with amenity areas and transport links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Cotham in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I was advised by a few selling agents in Cotham to find a conveyancer on your site. What’s the financial inducement for Estate Agents to market your services ahead of a competitor’s?
We don’t give any financial incentive for directing people to this site. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.