We previously selected solicitors located in Theale on the Barclays solicitor panel. They are now charging me an additional charge for dealing with the Barclays mortgage. Is this an additional conveyancing fee set by Barclays?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. This fee is not set by Barclays but by your Theale conveyancer. Numerous firms on the Barclays panel will quote ’dealing with mortgage’ fee and others do not.
My husband and I are in the throws of viewing flats in Theale and I am now considering a potential offer. Should I already have a lawyer appointed at this stage? I intend to finance via a home loan with Co-operative.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are seeking a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
After much negotiation I have agreed a price on an apartment in Theale. My financial adviser recommended their conveyancers. I paid an on account payment of £175. Shortly after, the lawyer called me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require expedited conveyancing in Theale as I am faced with a deadline to exchange contracts within one month. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at free not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Theale the following are examples of what can show up and adversely impact future mortgageability: Enforcement Notices, Outstanding Fees, Overdue Grants, Unadopted Roads,...
Me and my brother purchased a terraced Victorian house in Theale. Conveyancing solicitor acted for me and The Royal Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Theale and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who carried out the work.
I'm buying my first flat in Theale with a loan from Aldermore. The builders refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my solicitor about the extras as it may affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Theale is the location of the property. Can you offer any opinion?
Flying freeholds in Theale are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Theale you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Theale 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.
I note that you have a search directory listing solicitors on the bank conveyancing panel. Do Theale conveyancing firms pay you a referral fee if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Theale.