It has been five months since my purchase conveyancing in Berrylands completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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'm buying my first flat in Berrylands benefiting from help to buy. The builders would not reduce the amount so I negotiated 6k of extras instead. The sale representative told me not disclose to my solicitor about the side-deal as it will put at risk my mortgage with the lender. Is this normal?.
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'm remortgaging my existing house to a buy to let mortgage with HSBC Bank and I will use the ballance of the raised equity towards further house. The area we are interested in is Berrylands. Will your solicitors be able to act for both sets of banks and link together the conveyances?
Make use of our search tool on this site to ensure that the solicitors are approved by both banks. Having checked that they are your solicitor should be able to tie up the two conveyancing matters but you should talk with you solicitor and communicate your expectations and needs.
I am one month into a freehold purchase having been directed to conveyancers by the high street agent to handle our conveyancing in Berrylands. I am am starting to be dissatisfied with the quality of service. Could you help me find new solicitors?
They would have to be very poor to suggest replacing them. Has the mortgage been issued? In the event that it has you will need to make them aware of the replacement lawyer and have the offer are re-issued. The conveyancer should be on the lenders panel to avoid escalating costs and frustration. That should be your first question of the new conveyancers. Our search tool will help you find a lender approved conveyancer for your conveyancing in Berrylands
My wife and I are acquiring a 2 bedroom flat in Berrylands. At the point of instructing our solicitor, we were told they were on all major UK bank panels. The financial adviser contacted us today to advise that they don't seem to be on the Skipton approved list. If it turns out to be true, what should we do? Do we just find a different lawyer that is on their approved list or should we cover the costs for dual representation, with Skipton selecting their own approved conveyancer.
When purchasing a property with the benefit of a mortgage it is normal for the purchaser’s solicitors to also represent the mortgage company. In order to act for a bank or building society a property lawyer has to be on that lender's conveyancing panel. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to satisfy. Some mortgage companies now insist their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should call Skipton to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Skipton's conveyancing panel as you are at liberty to use your preferred Berrylands lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another conveyancer into the equation.