I have given 8 weeks notice to my existing landlord and must vacate my rented apartment in Heaviley and Offerton by the end of next month. Conveyancing for my house purchase is progressing. How realistic is it to complete in six weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice on a rental until exchange of contracts has taken place. If you have not already done so, update to your solicitor and request that they chase the owners side, try to a target completion date that everyone will work to achieve
My lawyer in Heaviley and Offerton is not listed on the HSBC Bank Conveyancing Panel. Is it possible for me to retain my prefered solicitor even though they are not on the HSBC Bank panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Heaviley and Offerton solicitors but HSBC Bank will need to instruct a solicitor on their panel. This will inevitably rack up the overall legal charges as well as cause delays.
- Get an alternative practitioner to act in the conveyancing, remembering to check they are Convince your lawyer to do everything within their powers to join the HSBC Bank conveyancing panel
I have been told that property searches are the number one reason for delay in Heaviley and Offerton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Heaviley and Offerton.
It has been 3 months since my purchase conveyancing in Heaviley and Offerton completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 property 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'm purchasing a new build house in Heaviley and Offerton with a mortgage from Nationwide Building Society. The developers would not reduce the amount so I negotiated 6k of extras instead. The estate agent told me not to tell my conveyancer about this deal as it will put at risk my mortgage with the lender. Should I keep quiet?.
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.
My husband and I are new to the buying process - agreed a price, but the agent advised that the vendor will only issue a contract if we use the agent's recommended solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Heaviley and Offerton
We suspect that the seller is unaware of this request. If they desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Try to communicate with the vendors directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Heaviley and Offerton conveyancing solicitors - not the ones that will provide the estate agent a commission or meet his conveyancing targets set by corporate headquarters.