We are purchasing a newly constructed flat in Harmondsworth and my solicitor is telling me that she is duty bound to the mortgage company to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am assisting my mother sell her property in Harmondsworth. Will the solicitor commission an energy assessment or do I organise this?
Following the demise of Home Packs, EPC’s was kept a required part of selling a house. An energy assessment should be commissioned before the property is marketed. It is not something that solicitors ordinarily organise. Where you are using a Harmondsworth conveyancing solicitor they might help arrange energy performance certificates given their relationships with long established Harmondsworth accredited person
We were going to get a DIP from Principality 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 Principality recommend any Harmondsworth solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Harmondsworth solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
About to purchase maisonette in Harmondsworth. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Harmondsworth conveyancing practitioner is on the Aldermore conveyancing panel.
Should my solicitor be asking questions regarding flooding during the conveyancing in Harmondsworth.
Flooding is a growing risk for solicitors conducting conveyancing in Harmondsworth. Plenty of people will acquire a house in Harmondsworth, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not qualified to give advice on flood risk, however there are a number of checks that can be initiated by the purchaser or by their conveyancers which should figure out the risks in Harmondsworth. The standard information given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the vendor to discover if the property has suffered from flooding. In the event that the premises has been flooded in past and is not revealed by the vendor, then a purchaser may issue a claim for damages as a result of such an incorrect answer. A buyer’s conveyancers should also commission an enviro search. This will disclose whether there is a recorded flood risk. If so, additional inquiries will need to be made.
It has been four months since my purchase conveyancing in Harmondsworth completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I was advised by numerous selling agents in Harmondsworth to find a solicitor using your seach tool. Is there a financial advantage for Estate Agents to promote your lawyers over and above alternative conveyancing organisations?
We refuse to offer any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I need to appoint a conveyancing solicitor for freehold conveyancing in Harmondsworth. I happened to discover a web site which seems to have the ideal offering If it is possible to get all the legals completed via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?