Should lawyers request an advanced payment when it comes to conveyancing in Eye?
If you are buying a property in Eye your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the sale price then this should be needed immediately in advance of exchange of contracts. The final balance that is needed should be transferred shortly before completion.
I happen to be the sole beneficiary of my late grandmother’s will and I have everything in my name alone, including the house in Eye. The Eye property was put into my name in February. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be regarded the same way as if I'd bought the property in February. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Most banks would take a sensible view as this requirement primarily exists to identify subsales or the wholesaling and assigning of properties.
We were going to get a DIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Eye solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Eye solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I am due to exchange contracts on my apartment. I had a double glazing fitted in June 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being a right pain. The Eye solicitor who is on the Nottingham conveyancing panel is recommending indemnity insurance as a solution but Nottingham are insisting on a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham 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.
Will my conveyancer be making enquiries concerning flooding as part of the conveyancing in Eye.
Flooding is a growing risk for lawyers dealing with homes in Eye. Some people will buy a house in Eye, fully expectant that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, but there are a number of searches that can be initiated by the buyer or by their solicitors which can give them a better understanding of the risks in Eye. The conventional set of completed inquiry forms sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to find out whether the premises has suffered from flooding. In the event that the property has been flooded in past and is not notified by the vendor, then a buyer may commence a legal claim for losses as a result of such an inaccurate answer. A buyer’s lawyers may also order an environmental search. This should higlight if there is a recorded flood risk. If so, further inquiries will need to be conducted.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Eye. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Eye
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
What makes your site different to other internet conveyancing brokers when it comes to conveyancing in Eye?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Eye. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your conveyancing in Eye
My husband and I are 14 days into a residential purchase having been referred to conveyancers by the selling agent to perform conveyancing in Eye. I am am very dissatisfied with the level of service. Could you help me find new lawyers?
A solicitor would need to be very bad to suggest replacing them. Has your mortgage been issued? In the event that it has you will need to advise them of the replacement lawyer and have the mortgage documents are re-sent. Your solicitor ideally needs to be on the banks approved list to avoid supplemental costs and complications. So that should be your starting point. The find a solicitor tool should help you find a lender approved solicitor for your conveyancing in Eye