Can you explain why leasehold purchase conveyancing in Dore costs more?
Dore leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
We are selling our flat in Dore. Will the conveyancer need to be required to be on the TSB conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
I am purchasing my first flat in Dore with a loan from Britannia. The builders would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not inform my solicitor about this side-deal as it would put at risk 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.
I was recommended by numerous estate agents in Dore to locate a solicitor using your seach tool. What’s the financial inducement for Estate Agents to market your services over and above a competitor’s?
We refuse to give any referral fee for sending work in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Should I be worried if there is a problem with one of the searches for our conveyancing in Dore?
On the whole, the majority of issues that arise in Dore conveyancing search responses can be handled ahead of completion or title insurance can be obtained. It is important to note that although you may be acquiring the premises and may be willing to accept the search results, your mortgage lender may not, and ultimately the decision rests with them.