My wife and I are acquiring a newly built apartment in Bournemouth and my solicitor is advising me that she has to the mortgage company to disclose incentives from the builder. The Estate Agents are hassling me to sign contracts and I don't want to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Finally the sale completed on my house in Bournemouth last December but my buyer keeps Skype messaging me complaining that their solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your sale your conveyancer should send the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your lawyer must also confirm that the home loan has been repaid to the buyers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in Bournemouth.
This question may be naive but I am wet behind the ears as FTB of a garden flat in Bournemouth. Do I collect the keys to the premises on completion from my conveyancer? If so, I will instruct a local conveyancing solicitor in Bournemouth?
On the day of completion you do not need to attend the conveyancers office in Bournemouth. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you will be called to receive the keys from the Estate Agents and move into your new home. Usually this happens between 1 and 3pm.
Last month we had a mortgage agreed in principle with Yorkshire BS. Bournemouth conveyancing solicitors were chosen. How long does it take for Yorkshire BS to forward the offer to the conveyancer?
Some lenders take longer than others. Have Yorkshire BS conducted the valuation? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my flat. I had a double glazing fitted in August 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Co-operative are being pedantic. The Bournemouth solicitor who is on the Co-operative conveyancing panel is saying indemnity insurance will be fine but Co-operative are insisting on a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What tools are available to locate a Bournemouth solicitor on the Halifax conveyancing panel? I drive a motor bike and am happy to travel upto 25miles to meet the conveyancer.
You can use the facility on this website. Please pick a lender and your location and you will see a number of Bournemouth conveyancing lawyers based on proximity. We have listed some Bournemouth conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Halifax panel
I see that you have a post code search directory identifying solicitors on the bank conveyancing panel. Do Bournemouth conveyancing companies pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Bournemouth.