I was notified today by my IFA that my Wellesbourne lawyer is not on the mortgage company Solicitor panel. What can I do to check?
The first thing you need to do is to contact your Wellesbourne lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may recommend you to a Wellesbourne conveyancing firm that is on the approved list of lawyers for your lender.
Me and my fiancee are purchasing our first property. Our conveyancer has texted usto check if we would like to purchase extra conveyancing searches. We are really unsure what's recommended for conveyancing in Wellesbourne
The range of Wellesbourne conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your knowledge of the locality and risks, your overall approach to risk. What matters is that you adequately comprehend what information each search could provide. Then you can decide if you personally think you need that information. If unsure, ask your solicitor to offer guidance.
Me and my partner are purchasing a apartment in Wellesbourne. It might be a silly question but how we can trust a lawyer? On completion day we will need to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Wellesbourne?
There are many recorded licenced Conveyancers in Wellesbourne and Solicitor practices in Wellesbourne to choose from We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am due to exchange contracts on my house. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Yorkshire BS are being difficult. The Wellesbourne solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are insisting on a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I'm purchasing a new build house in Wellesbourne benefiting from help to buy. The sellers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about this side-deal as it may impact my mortgage with the bank. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Wellesbourne in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend not give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wellesbourne. Conveyancing will be smoother if you use a solicitor in Wellesbourne especially if they are familiar with such properties in Wellesbourne.
My husband and I are first time buyers - had an offer accepted, but the property agent informed us that the owners will only move forward if we use the agent's recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer who is familiar with conveyancing in Wellesbourne
It is unlikely the sellers are driving this. Should the vendor want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and explain that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you will continue to use your preferred Wellesbourne conveyancing lawyers - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing targets demanded by senior management.