We went with a high street solicitor for my conveyancing in East Molesey today. After carefully reading the Terms and Conditions I noteI am on the hook for charges even if our purchase doesn't happen. Would I be best advised to appoint an on-line solicitor practice who offer no completion no charge conveyancing in East Molesey?
It is usually a trade off in that if "No Completion No Fee" is offered then the conveyancing charges will generally be higher to neutralise the cases that abort. Do bear in mind that such schemes rarely cover outlay for instance East Molesey conveyancing search fees.
Do the Building Society Association intend to launch a online directory to to identify law firms on the Coventry BS conveyancing panel for example in East Molesey?
We are not aware of any intention on the part of the BSA to promote such a tool.
Forgive me if this question is silly but I am unexperienced as a 1st time buyer of a garden flat in East Molesey. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in East Molesey?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's solicitors, and once they have received this, you should be invited to pick up the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
is it true that all East Molesey solicitors on the Coventry BS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel and in that case the organisation would be overseen by the CLC.
I am selling my house. I had a double glazing fitted in November 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Principality are being difficult. The East Molesey solicitor who is on the Principality conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Principality are requiring a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Various web forums that I have come across warn that are the number one reason for obstruction in East Molesey conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in East Molesey.
I'm purchasing a new build house in East Molesey with a mortgage from Barclays . The developers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about this deal as it could put at risk my loan with Barclays . 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.
My parents are having difficulties in finding their East Molesey land registry title on the site. They have a vague recollection back in the 70’s when they purchased the house there were complications concerning the address not being identified on some systems.
The vast majority of premises in East Molesey should appear. Have you attempted a search to simply the postcode. Ordinarily it will mention all the premises within that postcode. Where recorded it will be there with a title number. Where they bought back in the 70’s it's conceivable it may be unrecorded. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title deeds which could be with your parent’s bank.