Me and my partner are buying a flat in Marple. I might seem paranoid but how we can trust a solicitor? On completion day we will need to send funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
How can we tell if a Marple conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Marple seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your conveyancing.
After what feels like an age I have had an offer on an apartment in Marple accepted, the vendors do however have a dependent purchase. The owners have offered on somewhere, but it’s not yet agreed to, and are looking at other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Marple. What should be my next step? At what stage should I apply for the mortgage with Bank of Ireland?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then valuation, Marple conveyancing search costs, etc). First, you must ensure that your property lawyer is on the Bank of Ireland conveyancing panel. Regarding the subsequent steps this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. In a hot market many home buyers would apply for the mortgage with Bank of Ireland and pay for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to move forward with searches.
It has been 4 months following my purchase conveyancing in Marple concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 property 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 a new build house in Marple benefiting from help to buy. The developers would not reduce the price so I negotiated 6k of additionals instead. The estate agent advised me not to tell my lawyer about the side-deal as it may jeopardize my loan with Coventry Building Society. Is this normal?.
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 on the look out for a leasehold apartment up to £245,000 and identified one near me in Marple I like with a park and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Marple for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
We are 18 days into a freehold purchase having been directed to conveyancers by the selling agent to handle our conveyancing in Marple. We are not happy. Can you you assist me in finding new conveyancers?
A solicitor would have to be really poor to suggest diss instructing them. Has the loan offer been sent? In the event that it has you need to inform them of the replacement solicitor and ensure the mortgage documents are issued to the new lawyers. Your new solicitor ideally needs to be on the mortgage company panel to avoid added costs and frustration. So that should be your starting point. Our search tool will help you find a lender approved conveyancer for your conveyancing in Marple
I cannot be present at my Marple conveyancing lawyers office to sign documents connected to my conveyancing in Marple – is this a problem?
No. Marple conveyancing solicitors can conduct home moves for clients nationwide. It is not necessary for you to be able to be present a Marple conveyancers office. They can deal with everything remotely from their Marple premises.