We are buying a newly constructed apartment in Minehead and my solicitor is advising me that she has to the mortgage company to disclose incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Finally the sale completed on my house in Minehead last December but our buyer keeps e-mailing me complaining that his solicitor is waiting to hear from mylawyer. What should my lawyer have done following completion?
Post completion of your disposal your solicitor is committed to send the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor should also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There is unlikely to be post completion steps unique to conveyancing in Minehead.
I am considering applying for a Skipton mortgage for purchase of a newly converted (under development) in Minehead with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
What will a local search tell me concerning the property my wife and I buying in Minehead?
Minehead conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as PSG The local search plays an important role in many a Minehead conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
How difficult is it to switch solicitor as I have to choose a firm on the Lloyds TSB Bank conveyancing list. I instructed a local conveyancing solicitor in Minehead five minutes from me but she is not accepted by Lloyds TSB Bank
It would be our pleasure to help you select a conveyancing solicitor in Minehead on the Lloyds TSB Bank panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Minehead. In making use of the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Minehead and beyond.
Me and my wife are purchasing a leasehold property in Minehead. Conveyancing quotes are coming in at around £1650. Does that seem right?
The average cost last year for conveyancing in Minehead was £1,500 excluding Land Tax and HMLR fees.