The Lea Bridge conveyancing firm handling our Lea Bridge conveyancing has uncovered a discrepancy between the assumptions in the valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial land in Lea Bridge?
Many commercial conveyancing solicitors in Lea Bridge will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Lea Bridge. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lea Bridge.
For each commercial conveyancing transaction in Lea Bridge it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Lea Bridge commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Lea Bridge.
I'm purchasing my first flat in Lea Bridge with a mortgage from National Westminster Bank. The developers would not reduce the amount so I negotiated 6k of extras instead. The house builders rep told me not reveal to my lawyer about this side-deal as it will impact my loan 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.
I have been recommended by two or three local estate agents in Lea Bridge to select a conveyancer on your site. Is there a financial upside for Estate Agents to market your services ahead of another?
We refuse to offer any financial incentive for directing people in our direction. We found it would be just too difficult to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I need to instruct a conveyancing solicitor for freehold conveyancing in Lea Bridge. I've land on a web site which appears to be the perfect solution If there is a chance to get all this stuff done via phone that would be ideal. 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?
I have recently had an offer accepted on an apartment in Lea Bridge and the broker that we are using recommended his lawyer. He quoted £900 including VAT and disbursements. Does this sound like a good deal?
You should not rely on 1 quote. One should seek like-for-like quotes for your conveyancing in Lea Bridge. Then pick one that you trust and crucially, is on the approved list of the mortgage company that you are sourcing your mortgage from.