My wife and I are acquiring a newly built flat in Romsey and my conveyancer is telling me that she has to the lender to reveal incentives from the developer. The Estate Agents are hassling me to exchange and I would rather not prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the BSA planning on creating a searchable register to to identify law firms on the Loughborough BS conveyancing panel for example in Romsey?
Lexsure has not been advised of any plans on the part of the BSA to promote such a register.
I just bought a house at auction in Romsey. Conveyancing is needed. What is next?
Now that you are to all intents and purposes signed on the dotted line you will need to choose a conveyancing lawyer quickly as you are faced with a pending a fixed date to complete the deal. Every auction property should have an associated legal set of papers. This should include most,if not all of the paperwork that your solicitor will need. In the case of leasehold premises the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You need to give this to the conveyancer working for you at the earliest opportunity. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
Completion of my purchase has taken place for my property in Romsey. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am selling my flat. I had a double glazing fitted in July 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Virgin Money are being a right pain. The Romsey solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What will a local search tell me concerning the property my wife and I buying in Romsey?
Romsey conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance PSG The local search is essential in every Romsey conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (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 topic headings.
How does conveyancing in Romsey differ for new build properties?
Most buyers of new build property in Romsey contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Romsey usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Romsey or who has acted in the same development.
I am using a search engine for the words on line conveyancing in Romsey it brings up many solicitorslocally. How do I determine which is the suitable solicitor for the sale of my house?
The best method of finding a suitable conveyancer is through a personal testimonial, so seek the opinion of colleagues and family who have purchased a property in Romsey or the reputable estate agent or financial adviser. Charges for conveyancing in Romsey vary, so it's a good idea to secure at least three fee calculations from varying types of conveyancers. Dont forget to clarify that the fees are fixed.