My husband and I are acquiring a new build apartment in Yiewsley and my conveyancer is informing me that she has to the bank to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
There are plenty of conveyancing solicitors in Yiewsley but how do I know who's good?
It would be unwise to be seduced by the cheapest Yiewsley conveyancing costs illustration. 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 go into the conveyancing with your eyes wide open.
How can we tell if a Yiewsley conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Yiewsley seeking recommendations is a good 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 suggest that you speak with the lawyer carrying out your conveyancing.
I am currently in the process of buying my council flat in Yiewsley. I have a mortgage offer with Santander. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
four months have gone by since my purchase conveyancing in Yiewsley completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 asset 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.
How does conveyancing in Yiewsley differ for newly converted properties?
Most buyers of new build premises in Yiewsley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Yiewsley tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Yiewsley or who has acted in the same development.
I was pointed in your direction by a few property agents in Yiewsley to choose a solicitor using your seach tool. Is there a financial incentive for Estate Agents to recommend your lawyers rather than another?
We don’t give any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it true that a Yiewsley conveyancing company got sued by clients for not carrying out the appropriate conveyancing searches?
Our attention has not be brought to such a Yiewsley conveyancing claim but it has been reported that, a couple buying a house elsewhere in England successfully sued their property lawyer as a consequence of development permission to build a wind farm not being identified in conveyancing searches.
If you are contemplating buying a home in Yiewsley It is critical that your conveyancing practitioner conduct all Yiewsley conveyancing searches necessary to ensure you have relevant and up to date information ahead of buying a property.