A mortgage agreement from Santander for the remortgage of my 2 room apartment is expected imminently. Can you put forward a low cost conveyancing law firm in Temple?
You are on the wrong site if you are seeking cut-price fees for conveyancing in Temple. Our aim is to provide value for money conveyancing but we do not aim to work with the cheapest lawyers. Do not be seduced by organisations offering £99 conveyancing in Temple. In your best case scenario, in choosing a lawyer for low cost conveyancing, you will receive what you pay for and at worst you will end up with a surprising uplift in extras and still not get the service expected.
My son is about to exchange on a new build apartment in Temple with a mortgage from Coventry BS. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Coventry BS conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
When can the exchange of contracts occur in domestic conveyancing in Temple and am I required to attend the conveyancers office?
Where you are near to our conveyancing solicitors in Temple you are welcome to attend to sign documents. However, the law practices we recommend offer a national conveyancing service and give as equally diligent and professional a job for you when communicating with you by post or email. The executing of the contract is not the point of no return. Signing on the dotted line is necessary for the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Temple)to be in the office available at the end of the phone to exchange contracts.
We are getting the release of further monies on our home loan from RBS as we intend to carry out a loft conversion to our property in Temple. Do we need to select a high street Temple solicitor on the RBS conveyancing panel to deal with the legals?
RBS don't usually instruct firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS list.
We have a mortgage agreed in principle with Nationwide. Temple conveyancing lawyers have been instructed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
There is no definitive answer here. Have Nationwide completed the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told four weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Temple is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Temple I like with a park and station nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Temple in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage that many years will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
We're first time buyers - agreed a price, yet the property agent informed us that the vendor will only move forward if we appoint the agent's recommended solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is accustomed to conveyancing in Temple
It is unlikely the sellers are behind this. Should the seller require ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and explain that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Temple conveyancing solicitors - as opposed tothose that will earn their estate agent a kickback or achieve conveyancing figures set by head office.