We were about to retain a conveyancing solicitor in Lechlade listed using your comparison tool but have come across some other estimates on the internet appear less expensive – why is this?
You can find many firms of solicitors promoting supposedly cut-price conveyancing, but extrafees end up with the final invoice markedly uplifted. Solicitors ought to ensure fees contained in terms of engagement should be equitable and be applied The solicitors that we list for conveyancing in Lechlade clearly state all costs for the property you intend topurchase.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Melton Mowbray Building Society conveyancing panel for example in Lechlade?
We have not been informed any plans on the part of the BSA to promote such a register.
I have today made my last payment due on my mortgage with Clydesdale. I assume I don't need a Lechlade property lawyer on the Clydesdale panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Lechlade off the council. I have a mortgage offer with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by Bank of Ireland. Is it usual for Bank of Ireland to only issue the offer once my solicitor in Lechlade is approved on their conveyancing panel? Bank of Ireland have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Lechlade?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Lechlade. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Lechlade with a loan from Nottingham Building Society. The sellers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not reveal to my conveyancer about the deal as it will affect my loan with the lender. Is this normal?.
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 wife and I have chosen a Lechlade conveyancing solicitor for our home move (first time buyers) and have spotted in the terms and conditions that they are not regulated by the FCA. Am I right to be concerned or is that standard with solicitor?
We can't see why they should be. Most conveyancing practitioner don't lend money. They should be governed by the Solicitors Regulation Authority, who set stringent obligations in place on funds held by them.