As someone not used to conveyancing in West Bromwich what’s the number one tip you can impart concerning the home moving process in West Bromwich
You may not hear this from too many lawyers but conveyancing in West Bromwich or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is plenty of opportunity for friction between you and others involved in the legal transfer of property. For example, the seller, property agent and on occasion the bank. Choosing a solicitor for your conveyancing in West Bromwich an important selection as your conveyancer is your adviser, and is the ONE party in the transaction whose interest is to act in your best interests and to keep you safe.
There is a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. You your first instinct should be to trust your conveyancer ahead of all other parties in the conveyancing process.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to use a local conveyancing solicitor in West Bromwich?
Do check but the the likelihood is that allocate you one of their panel solicitors should you want the "fee-free" incentive. Contact the mortgage company to explore if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in West Bromwich.
Me and my brother own a semi-detached Edwardian house in West Bromwich. Conveyancing practitioner acted for me and Bank of Ireland. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching property. Is it worth asking Bank of Ireland to clarify?
You should assess 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 West Bromwich and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who conducted the work.
I am buying my first flat in West Bromwich with the aid of help to buy. The builders refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my lawyer about this side-deal as it could jeopardize my loan with the lender. 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.
I was pointed in your direction by a few estate agents in West Bromwich to locate a property lawyer on your site. Is there a financial inducement for Estate Agents to promote your services over and above a competitor’s?
We refuse to offer any commission for directing people to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My wife and I have had DIP from Norwich and Peterborough Building Society who have advised we could borrow up to £350k. When do I need to appoint a lawyer for conveyancing? West Bromwich is where we plan to move to.
It would be wise to instruct a property lawyer now requesting that they open a file on your behalf. This will enable: 1) the selling agent to send out the Sales Memo to the relevant parties 2) the seller’s solicitor to send out the draft agreement. That being said, do not instruct your property lawyer to order searches until you have your valuation report from Norwich and Peterborough Building Society and you are content to proceed.