Recently contacted my conveyancing lawyer in Fallowfield who acted for me two years ago and wanted a conveyancing quote based on the same type of house sale & purchase (a leasehold property and a freehold premises) of similar values with a loan from Bank of Ireland. It looks as though am now being charged double. Should I look for an alternative firm of conveyancing solicitor?
The charges are a tad high. If you are prepared to expend time contrasting charges you might shave off some of the expense by as much as £100 plus VAT. On the other hand, providing that you were content with the conveyancing the firm provided you couldcome to regret opting for an a cheaper lawyer. If is important to enquire that the firm can also act for Bank of Ireland. Do utilise our search tool to find a Fallowfield conveyancing firm on the Bank of Ireland approved list of lawyers, which can often include conveyancing solicitors in Fallowfield.
My wife and I are soon to exchange buying a property in Fallowfield but as a consequence of wreckage from some water damage at the property I have was able negotiate compensation from the seller of six thousand pounds by way of a adjustment in the price. This was going to be dealt with as part of a side agreement yet Barclays will not permit this. Should they have been approached?
The conveyancer that is on a Barclays approved list is obliged to advise Barclays of any variations to the purchase price. If you prohibit your property lawyer to notify the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new conveyancing practitioner for your conveyancing in Fallowfield.
Is there a reason why leasehold purchase conveyancing in Fallowfield costs more?
Fallowfield leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Fallowfield solicitor on the Leeds Building Society panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I recently had an offer agreed on an apartment in Fallowfield. My financial adviser recommended their conveyancers. I paid an upfront payment of £150. Not long after, the conveyancing practitioner contacted me to say that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have finally had an offer on a maisonette in Fallowfield accepted, the owners do however have a dependent purchase. The vendors have offered on on an apartment, but it’s not been accepted yet, and have viewings of other flats in the pipeline. I have selected a high street conveyancing solicitor in Fallowfield. What do I do now? When do I get the mortgage application with RBS started?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Fallowfield conveyancing search charges, etc). First, you must ensure that your conveyancing practitioner is on the RBS conveyancing panel. Concerning the subsequent steps this very much depends on the specifics of your transaction, desire for this property and on the state of the market. In a rising market the majority of home buyers will apply for a home loan with RBS and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to proceed with the conveyancing in Fallowfield.
I'm buying my first flat in Fallowfield with the aid of help to buy. The builders refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it could jeopardize my loan with the lender. 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.
In my capacity as executor for the estate of my grandfather I am disposing of a property in Cardiff but I am based in Fallowfield. My conveyancer (based 200 miles awayneeds me to execute a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Fallowfield to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are based in Fallowfield