I plan on acquiring a ground floor flat in East Molesey. My lawyer is not listed on the bank solicitor list. Can I still appoint my East Molesey conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
One must appoint a lawyer to deal with the legal work required when you require a loan to purchase your property. They will carry out all the relevant due diligence on the property, ensuring that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One can appoint a East Molesey conveyancer of your choosing. Nevertheless, if the conveyancing practitioner selected is not a member of the bank approved list additional charges will be incurred as separate legal representation will be required by them. Bank panel applications may be submitted, so if your conveyancer has not historically sought membership they should take the opportunity to apply.
I am buying a property for cash in East Molesey. I have resided for the previous 20 years in East Molesey. Conveyancing searches are a lot of money. As I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then the vast majority of the East Molesey conveyancing searches are optional. Your lawyer will ’encourage you, perhaps strongly, that you should have searches completed, but she is duty bound to do this. Do consider; if you are going to dispose of the house at a future date, it may be of interest to your prospective buyer what the searches contain. There are plenty of instances where properties with day to day issues can still throw up unpredicted search results. A good conveyancing solicitor in East Molesey will be able to give you some sensible guidance in this regard.
Should lawyers request money on account when it comes to conveyancing in East Molesey?
If you are buying a property in East Molesey your solicitor will request that you to provide them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is payable against the purchase price then this should be asked for shortly in advance of exchange of contracts. The final balance that is needed will be payable a couple of days ahead of the day of completion.
My wife and I are close to exchanging contracts on the sale of our home in East Molesey and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any high street East Molesey lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed an online conveyancing outfit rather than a conveyancing solicitor in East Molesey. We have lived in East Molesey for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I have justdiscovered that Stirling Law have been shut down. They carried out my conveyancing in East Molesey for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of East Molesey conveyancing specialists.
I'm buying a new build house in East Molesey benefiting from help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not inform my solicitor about this deal as it will affect my mortgage with Bank of Scotland. Is this normal?.
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.