I am acquiring a property for cash in Woodstock. I have resided for the previous Seventeen years in Woodstock. Conveyancing searches are expensive. As I have knowledge of the area and road very well must I have all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Woodstock conveyancing searches are non-obligatory. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches completed, but she has a professional duty to do this. Do consider; if you are going to sell the house in the future, it may be of importance to your prospective purchaser what the searches determine. There are plenty of instances where properties with functional issues can still reveal unfavourable search results. A good conveyancing solicitor in Woodstock should be able to give you some helpful guidance here.
Does a directory service exist listing Santander panel conveyancers in Woodstock on the Council of Mortgage Lender’s Website?
No. There is no such facility on the CML or Building Society Association sites. Very few lending institutions make their panel listings viewable online. If you are in need of a Woodstock conveyancing practitioner on the Santander please use our tool.
We had selected conveyancing lawyers locally in Woodstock on the Principality solicitor approved list. They have just billed me a separate fee for dealing with the Principality mortgage. Is this an additional conveyancing fee specified by Principality?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your property lawyer can levy a fee for this. The fee is not dictated by Principality but by your Woodstock lawyer. Numerous firms on the Principality panel will levy an ‘acting for lender’ fee and others do not.
Can I be sure that the Woodstock conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in Woodstock obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer carrying out your transaction.
It has been four months since my purchase conveyancing in Woodstock concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Woodstock with a mortgage from TSB. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The estate agent told me not disclose to my conveyancer about this side-deal as it will affect my loan with TSB. Should I keep quiet?.
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.
I am looking for a ground for flat up to £305k and identified one near me in Woodstock I like with open areas and railway links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Woodstock suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am downsizing from my home. My past conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Woodstock if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Woodstock. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.