Is the fact that my solicitor in Alresford is not listed on my mortgage company's conveyancing panel that there is a problem with the quality of her work?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Alresford conveyancing practice and ask them why they are no longer on the approved list for your lender.
2 months have gone by since my purchase conveyancing in Alresford completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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.
I am buying my first flat in Alresford benefiting from help to buy. The builders would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not disclose to my solicitor about this deal as it may put at risk 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 decided to have a survey carried out on a house in Alresford ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not grant a mortgage on a flying freehold property.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Alresford. Conveyancing will be smoother if you use a solicitor in Alresford especially if they regularly deal with such properties in Alresford.
Am I best advised to use a Alresford conveyancing lawyer in close proximity to the house I am hoping to buy? We have a good friend who can handle the conveyancing however her office is 400miles drive away.
The benefit of a high street Alresford conveyancing firm is that you can pop in to execute documents, deliver your ID and pester them where appropriate. They will also have local insight which is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and the majority were impressed that should outweigh using an unknown Alresford conveyancing solicitor just because they are based in the area.