We were about to choose a conveyancing solicitor in Dorchester endorsed on your site but stumbled across alternative fee calculations on the internet look less pricey – how come?
One can find many firms of solicitors offering theoretically looks to be cut price. We would urge you to think long and hard about how important this transaction is to you that you are willing to take 'cheap' risks in relation to the standard of the legal work. Some embed extras well inside the terms of business. The law firms that we put forward for conveyancing in Dorchester neverbehave this way.
five months have elapsed since my purchase conveyancing in Dorchester concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 am purchasing a new build house in Dorchester with a loan from Skipton Building Society. The builders would not move on the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not to tell my conveyancer about this extras as it would affect my mortgage 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've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Dorchester is where the house is located. Can you offer any advice?
Flying freeholds in Dorchester are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dorchester you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dorchester may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it simple use your search tool to locate a conveyancing lawyer in Dorchester on the panel for my mortgage?
First pick a bank such as Nationwide Building Society, Chelsea Building Society or Aldermore then specify your location such as Dorchester. Conveyancing firms in Dorchester and beyond should be shown.