It has come to my attention via my broker that my Montacute lawyer is not on the lender Conveyancing panel. How can I be certain whether this is indeed the case?
Your first step should be to contact your Montacute conveyancer. You lawyer should notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
Will commercial conveyancing searches disclose impending roadworks that could affect a commercial property in Montacute?
Its becoming the norm that commercial conveyancing solicitors in Montacute will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Montacute. The report 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 Montacute.
For each commercial conveyancing transaction in Montacute it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Montacute commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Montacute.
It has been four months since my purchase conveyancing in Montacute concluded. I have checked the Land Registry site 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 my first flat in Montacute with the aid of help to buy. The sellers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about this side-deal as it could adversely affect my mortgage with HSBC Bank. Do I keep my lawyer in the dark?.
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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Montacute is the location of the property. Can you offer any assistance?
Flying freeholds in Montacute are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Montacute you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Montacute may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am using a search engine for the phrase on line conveyancing in Montacute it reveals many solicitorsin the area. With so much choice what is the best way to find the right solicitor for the sale of my house?
The preferential method of choosing the right conveyancer is via personal testimonial, so ask friends and those you trust who have purchased a property in Montacute or the reputable estate agent or financial adviser. Charges for conveyancing in Montacute vary, so it's advisable to request at least three quotes from different law firms. Dont forget to clarify that the fees are fixed.