Me and my partner are about to exchange buying a house in Todmorden but as a result of wreckage from some water damage at the property I have was able negotiate compensation from the vendor in the sum of six thousand pounds by way of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process yet Coventry BS will not agree to this. Why were they notified?
Your conveyancing practitioner that is on a Coventry BS conveyancing panel is required to disclose to Coventry BS of any amendments to the purchase price. If you were to refuse your property lawyer to notify the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new conveyancing practitioner for your conveyancing in Todmorden.
What does my ID and proof of funds have anything to do with my conveyancing in Todmorden? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Todmorden. Nowadays you will not be able to proceed with any conveyancing transaction without first providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other.
Verification of the source of money is necessary in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to have this information on record. Your Todmorden conveyancing lawyer will require evidence of proof of funds prior to accepting any money from you into their client account and they should also ask further queries regarding the origin of monies.
We just had an offer accepted to buy with Norwich and Peterborough Building Society. We have called around locally but am struggling to find a Todmorden conveyancing firm on the Norwich and Peterborough Building Society panel. Could you help?
Please do make use of the search tool on this page. Please choose the mortgage company and type Todmorden or your location and you will see a number of lawyer located in Todmorden or nearest you.
What is your number one tip for finding a conveyancing solicitor in Todmorden
Do not opt for the lowest Todmorden conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
We previously chose conveyancers located in Todmorden on the Co-operative solicitor approved list. They have just invoiced me a further sum for the legal aspects of the Co-operative mortgage. Is this an additional conveyancing fee set by Co-operative?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your solicitor is entitled to charge a fee for this. The charge is not dictated by Co-operative but by your Todmorden lawyer. Plenty of firms on the Co-operative panel will charge ’dealing with mortgage’ fee and others do not.
After months of negotiation I have agreed a price on a house in Todmorden. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £225. A few days later, the solicitor called me sheepishly admitting that they were not on the Skipton 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 Skipton 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.
Are there restrictive covenants that are commonly identified as part of conveyancing in Todmorden?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Todmorden. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey completed on a property in Todmorden ahead of instructing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks tend refuse to give a loan on such a premises.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Todmorden. Conveyancing will be smoother if you use a solicitor in Todmorden especially if they regularly deal with such properties in Todmorden.