I'm in the process of porting my existing standard mortgage to a BTL Birmingham Midshires mortgage. I was told by my mortgage that I require a solicitor as part of the process. I got in contact with my former Ravenshead conveyancing practitioner who dealt with the legals when I initially acquired the house. The fee calculation provided of £575 plus disbursements is surprising as its a refinance than a sale or purchase.
The quote is fractionally on the high side. If you are prepared to spend time comparing costs you might reduce the fees marginally by perhaps £100 plus VAT. On the other hand, assuming were pleased with the service the firm provided you mightlive to regret choosing an an untested conveyancer. Don't forget to check that the conveyancer can also act for Birmingham Midshires. You can make use of our search tool to get a quote a Ravenshead conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Ravenshead.
We have rather assertive sellers who has insisted on a lock out agreement with a deposit 6,000. Are such agreements sensible?
Exclusivity agreements are agreements binding a property owner and prospective buyer granting the buyer a ‘clear field’ to purchase the property within an agreed time frame. For all intents and purposes, an exclusivity agreement is a contract specifying that you will have a contract at a later time being the contract for the actual sale. It tends to be used for buyer assurance though in some cases, the owner may stand to benefit from such agreements as well. There are various positives and negatives to using them but you should to check with your conveyancer but beware that it may result in incurring more in conveyancing fees. In light of these reasons these contracts are rare in relation to conveyancing in Ravenshead.
My mortgage company has recommended solicitors on their panel based in Ravenshead but I would rather use a conveyancing lawyer in Ravenshead or nearer to where I live. Are you able to help?
Not all Ravenshead conveyancing practices are on all lender’s conveyancing panel. Do make use of our find an approved solicitor tool to choose a Ravenshead conveyancing firm on the on the lender panel.
A friend recommended that where I am purchasing in Ravenshead I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Ravenshead conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Ravenshead around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ravenshead Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Ravenshead Education with plans and statistics, Local Amenities and other useful information regarding Ravenshead.
I am buying a new build house in Ravenshead with a mortgage from The Royal Bank of Scotland. The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not to tell my solicitor about the side-deal as it would impact my mortgage with the 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.
Is it possible to swap solicitor as I need to select a firm on the Nottingham Building Society conveyancing list. I hired a high street conveyancing solicitor in Ravenshead round the corner but the firm is not approved by Nottingham Building Society
It would be our pleasure to help you select a conveyancing solicitor in Ravenshead on the Nottingham Building Society panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Ravenshead. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Ravenshead.