I am searching for value for money conveyancer. Should I go for for an internet conveyancer rather than a high street Rush Green conveyancing solicitor?
Rush Green is a special area, where neighbourhood knowledge helps. The laid-back lifestyle has an upside – but not when it comes to your house move. The conveyancers that we work with possess deep Rush Green know how with a professional, hands-onattitude that ensures the conveyancing to progress without drama. It is a distinct advantage where they enjoy good connections with financial advisers, estate agents, valuers and other Rush Green conveyancing practices
I am purchasing a brand new flat in Rush Green and my lawyer is advising me that she has to the lender to disclose incentives from the builder. I am on a tight deadline to exchange and I don't want to delay matters. 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 mortgage company 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.
Why do I have to pay up front for my conveyancing in Rush Green?
If you are buying a property in Rush Green your lawyer will ask you to provide them with funds to cover the search fees. Normally this is needed to cover the fees of the conveyancing searches. When the deposit is as part of the purchase price then this should be asked for immediately prior to exchange of contracts. The final balance that is due will be payable a couple of days prior to the completion date.
I am buying a garden flat in Rush Green. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Rush Green you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Rush Green.
Am I right to be concerned about estate agents that I am dealing with are recommending a web based conveyancing firm as opposed to a local Rush Green conveyancing practice?
As with many professional services, often suggestions from relatives can be most helpful. But there are lots of parties with a keen interest in a conveyancing matter; estate agents, mortgage brokers and lenders may suggest lawyers to retain. Sometimes these lawyers might be known to one of the organisations as being good in their field, but occasionally there may be a financial incentive behind the recommendation. You have the discretion to choose your own lawyer. You need to be aware that some mortgage providers have an approved list of law firms you must use for the mortgage aspect of your home move.
We own a leasehold flat in Rush Green. Conveyancing was finalised in five years ago. I have read on numerous advice forums that I mustn’t let the the remaining lease term to get too low. Why is that a problem?
Rush Green leasehold properties are for a fixed term - usually just under one hundred years when they are first granted. However many appartments in Rush Green were built or converted 25 or more years ago and so such leases now have fewer than eighty years left to run. This may sound like plenty of time but Banks, Building Societies and other mortgage companies generally need leases to have at least 75 years unexpired to adequate security. This means that when you come to sell the property you will need a lease extension if you are approaching 75 years. To increase your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. Please note that there are significant benefits to taking action before the lease reaches even 80 years as when the lease is less than 80 years the premium to be paid to extend starts to escalate.