We note that you have a post code search directory listing firms on the Coventry BS conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Crewkerne?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Crewkerne.
Me and my partner are buying a property in Crewkerne. It might be a silly question but how we can trust a conveyancer? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our money?
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.
I just bought a flat at auction in Crewkerne. Conveyancing is necessary. What is next?
Given that you are now for in every practical sense signed on the dotted line you now have to find a conveyancing practitioner quickly as you now have a tight a drop dead date to complete the conveyancing. All auction property will ordinarily have a bespoke legal set of papers. This will likely include evidence of title and search results. In the case of leasehold property the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You need to hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.
We are getting a further advance on our mortgage from Leeds Building Society as we wish to conduct renovations to our property in Crewkerne. Are we obliged to select a high street Crewkerne solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society would not normally instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
The deeds to our house are lost. The conveyancers who did the conveyancing in Crewkerne 5 years ago no longer exist. Will I be able to sell the house?
You no longer need to have the physical deeds to evidence that you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
I am buying a new build house in Crewkerne benefiting from help to buy. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not inform my solicitor about this side-deal as it would impact my loan with the lender. Do I keep my lawyer in the dark?.
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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one near me in Crewkerne I like with a park and transport links nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Crewkerne in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I have been pointed in your direction by a few property agents in Crewkerne to select a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to offer your lawyers rather than a competitor’s?
We refuse to offer any referral fee for directing people in our direction. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.