My partner and I are buying a newly constructed flat in Bude and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the seller. The Estate Agents are hassling me to sign contracts and I don't want to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender 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.
When can the exchange of contracts occur in residential conveyancing in Bude and do I need to attend the conveyancers branch?
Where you are in close proximity to our conveyancing solicitors in Bude you are welcome to attend to sign the paperwork. That being said, the lender approved solicitors we work with provide countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. A signed contract is necessary for the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bude)to be in the office available at the end of the phone to exchange contracts.
I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather instruct a specialised conveyancing solicitor in Bude?
Do check but the chances are that appoint one of their panel solicitors if you accept the "fee-free" offer. Speak to the bank and check if they offer you a monetary alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Bude.
I am looking to sell my home. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Bude if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Bude. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
We're FTB’s - had an offer accepted, yet the estate agent informed us that the vendor will only proceed if we instruct their chosen conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Bude
We suspect that the seller is unaware of this demand. Should the vendor want ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Try to communicate with the sellers directly and make the point that (a)you are serious buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your preferred Bude conveyancing firm - not the ones that will earn their estate agent a kickback or hit his conveyancing targets pre-set by head office.