We were about to choose a conveyancing solicitor in Hockley Heath recommended using your comparison tool but have come across some other quotes via the web seem less pricey – how come?
One can find a variety of conveyancing organisations offering at first sight what seems to be cut price. Our advice is to give due consideration as to how much you respect your own move to you are willing to take 'cheap' risks with regard to the quality of the conveyancing. Many of them list a bargain quote to tempt you but hide extra costs in the small print..
Completed the sale of my flat in Hockley Heath last May yet the purchaser is whats apping daily complaining that her lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your solicitor should deliver the transfer deeds and all of the paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also evidence that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion steps peculiar conveyancing in Hockley Heath.
four months have elapsed since my purchase conveyancing in Hockley Heath took place. I have checked the Land Registry website which shows that I paid £175,000 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 am buying my first flat in Hockley Heath with a mortgage from Nottingham Building Society. The sellers would not budge the price so I negotiated £7000 of extras instead. The sale representative suggested that I not disclose to my solicitor about the deal as it will adversely affect my loan with the bank. 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.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Hockley Heath I like with amenity areas and railway links nearby, however it only has 49 years unexpired on the lease. There is not much else in Hockley Heath suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage that many years will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My 20yr old son is just in the process of moving home, he had his mortgage in principle. One the offer was accepted on flat we contacted the building society to move forward with his. I was disappointed to learn that mortgage lenders do not accept all lawyer, they have to be on a list, is this right?
Lenders tend to restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Hockley Heath property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.