What is the difference between a licensed conveyancer and conveyancing solicitor in Billingham
Two types of professional can conduct conveyancing in Billingham namely licenced conveyancers or solicitors. The two can administer the legal services that required to complete the sale or purchase of property. They are both obliged to execute Billingham conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly conducted and that the necessary steps will be accurately attended to.
Does a directory service exist listing Santander panel solicitors in Billingham on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. A small selection of banks make their panel listings visible over the internet. If you are looking for a Billingham solicitor on the Santander please make the most of our tool.
I am currently in the process of buying my council flat in Billingham. I have a mortgage offer with Lloyds. 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 Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
My colleague advised me that where I am buying in Billingham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Billingham conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Billingham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Billingham Education with plans and statistics, Local Amenities and other useful data concerning Billingham.
It has been four months following my purchase conveyancing in Billingham completed. I have checked the Land Registry website which shows that I paid £200,000 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 property 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 a new build house in Billingham benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The sale representative advised me not to tell my lawyer about the deal as it may jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
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.
In searching the web for the term conveyancing in Billingham it brings up many property lawyerslocally. How do I determine which is the suitable solicitor for purchase transaction?
The ideal way of seeking a suitable conveyancer is through a personal recommendation, so seek the counsel of friends and family who have bought a property in Billingham or the local estate agent or financial adviser. Costs for conveyancing in Billingham vary, so it's advisable to secure a minimum of three fee calculations from varying types of law firms. Be sure to seek confirmation what costs in the quote includes.