My partner and I are buying a newly built flat in Redfield and my solicitor is telling me that she has to the mortgage company to reveal incentives from the seller. I am under pressure to sign contracts and I don't want to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I can see plenty of information on this site about conveyancing in Redfield but can you isolate your top tip for appointing the right conveyancer in Redfield
It would be unwise to be swayed by the cheapest Redfield conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am expecting a DIP from Santander this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Redfield solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Redfield solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I've digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Redfield solicitor - who is on the Lloyds conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Lloyds will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Redfield postcode. As you are getting a mortgage with Lloyds, you could contact them to see if they have a list of approved surveyors in Redfield.
Will our lawyer be making enquiries regarding flooding during the conveyancing in Redfield.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Redfield. There are those who purchase a house in Redfield, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, however there are a various checks that can be carried out by the buyer or by their conveyancers which can give them a better appreciation of the risks in Redfield. The standard completed inquiry forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the seller to discover whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a purchaser may bring a claim for damages resulting from an incorrect answer. A purchaser’s lawyers should also conduct an enviro search. This will reveal if there is any known flood risk. If so, further investigations will need to be initiated.
I have todayfound out that Stirling Law have closed. They carried out my conveyancing in Redfield for a purchase of a freehold house 10 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Redfield conveyancing specialists.
About to purchase a new build flat in Redfield. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Redfield
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
At what point do I cover the costs of stamp duty due for my house transaction in Redfield?
Most conveyancers will complete a stamp duty return on your behalf during your Redfield purchase transaction for you to sign. On completion your solicitor will submit the Land Transaction Return Form to the Tax Authorities and - as long as they have the money - pay any Stamp Duty liability for you.