My partner and I are buying a newly built flat in Tedburn St Mary and my conveyancer is telling me that she has to the bank to reveal incentives from the seller. I am nearing the developer’s deadline to exchange and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank 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 am thinking of mortgaging my flat in Tedburn St Mary, does my lawyer need to be on the TSB Conveyancing panel?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The solicitors who did the conveyancing in Tedburn St Mary 5 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to have the physical official documentation to evidence that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Tedburn St Mary differ for new build properties?
Most buyers of new build property in Tedburn St Mary contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Tedburn St Mary typically acquire the site, 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 used to new build conveyancing in Tedburn St Mary or who has acted in the same development.
Should I be suspicious about 3rd parties that I am dealing with are suggesting an online conveyancing firm as opposed to a High Street Tedburn St Mary conveyancing practice?
As with lots of professional services, often suggestions from family and friends can be extremely useful or valuable. Nevertheless there are lots of players in a conveyancing deal; estate agents, financial adviser and lenders might all suggest solicitors to select. Sometimes these lawyers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You are at liberty to choose your preferred conveyancer. Don't forget that most mortgage providers specify a panel list of law firms you are obliged to use for the lender related work in your conveyancing.
In my capacity as executor for the will of my grandmother I am selling a residence in Monmouth but live in Tedburn St Mary. My lawyer (based 200 miles awayneeds me to execute a stat dec before completion. Can you recommend a conveyancing solicitor in Tedburn St Mary who can witness and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Tedburn St Mary based