Recently contacted my conveyancing lawyer in Idle who completed the legal work two years ago asking for a conveyancing costs illustration based on an identical type of home move (a leasehold premises and a freehold premises) of almost identical values with a mortgage from The Mortgage Works. It looks as though am now being quoted double. Better the devil I know or do I try and find an alternative property lawyer?
The estimate does seem a little on the high side. If you shop around you might get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, if you were satisfied with the legal work the firm gave you maylive to rue opting for an an untested solicitor. If is important to check that the solicitor can represent The Mortgage Works. You can use our search tool to locate a Idle conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Idle.
AssumingI were to buy a simple residential propertyin Idle mortgage fee and dispense with a survey and no local authority searches how much would I expect to to save on my conveyancing in Idle?
Any savings you would achieve will be isolated to the disbursement for searches. The lawyer still be obliged to do everything else - money laundering, communicating with your vendors property lawyer, SDLT return, register the title etc. You might save a bit for them not needing to register a charge but it will not be significant.
Having sold my house in Idle last January yet the purchaser is texting daily complaining that their solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your house sale your conveyancer is duty bound to forward the transfer documentation and all additional paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also confirm that the home loan has been paid off to the buyers conveyancers. There are no post completion steps unique to conveyancing in Idle.
My wife and I have a semi-detached Edwardian property in Idle. Conveyancing practitioner acted for me and Bank of Scotland. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Bank of Scotland to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Idle and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
I'm buying my first flat in Idle with a loan from Alliance & Leicester . The sellers refused to reduce the price so I negotiated 6k of additionals instead. The estate agent advised me not inform my solicitor about the extras as it could 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.
Do all mortgage companies provide you with an approved list of Idle solicitors? How do you know who is on the lender conveyancing panel?
Idle firms and firms carrying out conveyancing in Idle themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.