Should conveyancers ask for money on account when it comes to conveyancing in Burton Bradstock?

Where you are retaining lawyers for conveyancing in Burton Bradstock your solicitor will ask you put them with funds to cover the search fees. Ordinarily this is needed to cover the fees of the Local Authority Search. If any deposit is payable against the sale price then this will be required shortly prior to exchange of contracts. The final balance that is due will be payable a couple of days prior to the completion date.

I completed on my apartment on 6 February and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Burton Bradstock expressed confidence that it will be formalised inside ten days. Are titles in Burton Bradstock uniquely lengthy to register?

There is nothing unique when it comes to conveyancing in Burton Bradstock registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any interested parties. Currently roughly three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be longer delays. Registration is effected after the purchaser has moved in to the property thus 'speed' is not usually top priority but if it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for the application to be prioritised.

I am buying a new build house in Burton Bradstock with a mortgage from Nationwide Building Society. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not disclose to my solicitor about this extras as it would put at risk my loan with the lender. Is this normal?.

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.

I decided to have a survey carried out on a property in Burton Bradstock ahead of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies will refuse to grant a loan on such a home.

It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Burton Bradstock. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burton Bradstock to see if the conveyancing will be more expensive.

Do I cancel my mortgage payments with Lloyds as soon as a completion date for my sale in Burton Bradstock has been set?

You are best advised to keep meeting any mortgage payments to Lloyds pending the mortgage being repaid from the proceeds of sale as part of your Burton Bradstock conveyancing.