We were about to instruct a conveyancing solicitor in Stotfold found by you but stumbled across some other costs illustrations on the internet seem less expensive – how come?
One can find numerous conveyancers marketing what appear to be very low prices. You should think twice about how much you respect your own move to want to be penny wise pound foolish in relation to the standard of the legal work. Many of them list a bargain quote to grab your attention but conceal additional charges in the small print..
We are a couple about to sign contracts for a semi detached house in Stotfold. We have hit a stumbling block. The loan offer with Santander expires on 10/11/2025 but the vendors are insisting on a completion date of 12/11/2025. Can one extend the loan expiry date?
The best person to deal with your question is your conveyancer who will calculate if they corresponding with the lender, vendor’s lawyers, selling agents or indeed all parties taking into account the history of your conveyancing to date.
Do banks and building societies provide you with an approved list of Stotfold conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?
Stotfold conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Will our solicitor be making enquiries about flooding during the conveyancing in Stotfold.
Flooding is a growing risk for conveyancers dealing with homes in Stotfold. Plenty of people will purchase a house in Stotfold, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, but there are a numerous checks that can be carried out by the purchaser or by their conveyancers which will figure out the risks in Stotfold. The standard completed inquiry forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out whether the property has suffered from flooding. If flooding has previously occurred which is not notified by the owner, then a purchaser could issue a compensation claim resulting from an inaccurate reply. The purchaser’s conveyancers will also conduct an environmental report. This will indicate whether there is a recorded flood risk. If so, additional investigations will need to be made.
I'm purchasing a new build house in Stotfold with the aid of help to buy. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not to tell my conveyancer about this side-deal as it would jeopardize my mortgage with the lender. Is this normal?.
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.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Stotfold is where the house is located. Can you shed any light on this issue?
Flying freeholds in Stotfold are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stotfold you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stotfold may decide 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.