My friend's step-father is a property lawyer. I hope that I'll be able to get friends and family fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Dorchester?
You should contrast pricing. Make use of our search tool on this site. You will notice that charges seem to vary but the service one can expect are distinct between property lawyers as is true with most professions.
I am under pressure from the owner of a property in Dorchester to exchange within four weeks. What can I do to expedite matters?
In a situation where you are under a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the location as they will make use of local contacts and insight. It is even conceivable that they could have handled otherproperties in the same street. Therefore consider using a Dorchester conveyancing lawyer. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that nearly one in five of Dorchester conveyancing deals are frustrated or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being frustrated by almost 21 days. It is believed that this issue impacts approximately one hundred thousand home moves annually. Almost all Dorchester conveyancing firms can not act for certain mortgage companies so do check as early as possible.
My fiance and I wish to acquire a purpose built flat in Dorchester with a homeloan from National Westminster Bank.We would like to retain our Dorchester conveyancing solicitor but National Westminster Bank informed us she’s not listed on their approved list of member firms. we are left little option but to use a National Westminster Bank panel solicitor or retain our high street solicitor and pay for a National Westminster Bank panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, one of which will be that solicitors must be on the National Westminster Bank approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for National Westminster Bank
I'm purchasing my first flat in Dorchester with a mortgage from Halifax. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not inform my lawyer about the extras as it would adversely affect my mortgage with the lender. 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.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Dorchester is the location of the property. What do you suggest?
Flying freeholds in Dorchester are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Dorchester you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dorchester may determine 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 residence.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Swansea but reside in Dorchester. My lawyer (based 200 kilometers from meneeds me to sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Dorchester to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are located in Dorchester