I am about to complete buying a property in Isle Of Wight but as a result of damage from the recent storms I have was able negotiate compensation from the current proprietors in the sum of £2k taking the form of a adjustment in the price. This was going to be dealt with as part of a side agreement however Kent Reliance will not agree to this. Should they have been informed?
The property lawyer that is on the Kent Reliance approved list is duty bound to inform Kent Reliance of any amendments to the purchase price. If you prohibit your property lawyer to notify the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new conveyancer for your conveyancing in Isle Of Wight.
We see that you have a search directory identifying solicitors on the Santander conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Isle Of Wight?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Isle Of Wight.
I am helping my mother sell her property in Isle Of Wight. Will the solicitor arrange an EPC or it is for the seller to coordinate?
Following the demise of Home Packs, energy assessments became a compulsory component of selling a house. An energy performance certificate should be to hand prior to the property being put on the market. This is not as aspect of the sale process that law firms normally organise. If you are instructing a Isle Of Wight conveyancing solicitor they may help arrange EPC’s due to their contacts with long established Isle Of Wight providers
Is it the case that all Isle Of Wight conveyancing solicitors on the RBS conveyancing panel are governed by the SRA?
As solicitors, in order to be on the RBS conveyancing panel they would need to be governed by the SRA. Many banks do permit licenced conveyancers on their panel in which case such organisation would be regulated by the CLC.
My partner and I are in the throws of looking at apartments in Isle Of Wight and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Lloyds.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. Given that you are obtaining a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I used Stirling Law several years past for my conveyancing in Isle Of Wight. Now, I need the documents but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Isle Of Wight of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Isle Of Wight with a mortgage from Lloyds TSB Bank. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my solicitor about this deal as it would jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the input of my in-laws I had a survey completed on a property in Isle Of Wight ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks will refuse to give a loan on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Isle Of Wight. Conveyancing may be slightly more expensive based on your lender's requirements.