In the event thatI were to acquire a simple residential housein Feltwell for cash and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Feltwell?
The sole saving you would make on is the disbursement for searches. Your lawyer is obliged to do the vast majority of work - money laundering, communicating with the sellers conveyancer, SDLT submission, register the property etc. You might save a bit for them not needing to register a mortgage however it won't be significant.
Can I use your services to recommend a Conveyancing solicitor in Feltwell even where I’m not buying or disposing of a house, for example where I wish to buy an office in Feltwell with a loan from Skipton Building Society?
Our search tool is mainly used to select domestic conveyancing solicitors in Feltwell but we have listed at the bottom of this page a few Feltwell commercial conveyancing firms. You will need to speak with the solicitors directly to check if they can also act for Skipton Building Society
My bid for a property was accepted at auction in Feltwell. Conveyancing is needed. What happens now?
Now that you have to all intents and purposes signed on the dotted line you should hire the services of a conveyancing lawyer quickly as you now have a pending deadline in which to complete the property. Every auction property will have a corresponding auction pack. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the on the contractual date .
The mortgage over my property is with RBS for my property in Feltwell. Conveyancing has been completed months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval before renting your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel firm.
I was told two weeks ago that my mortgage has been agreed to by Bank of Ireland. Is it usual for Bank of Ireland to only issue the offer once my solicitor in Feltwell is approved on their conveyancing panel? Bank of Ireland have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying my first flat in Feltwell with a loan from The Mortgage Works. The developers refused to reduce the price so I negotiated £7000 of additionals instead. The estate agent told me not inform my conveyancer about the deal as it will adversely affect my mortgage with The Mortgage Works. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 am considering choosing a web based solicitor rather than a Feltwell conveyancing practice. Should I ‘stay local’?
There are advantages of being able to attend a local Feltwell conveyancing solicitor for example
- signing documents on short notice
- getting one on one explanations of things that you need help with
- the ability to raise concerns if matters are not going as expected
When checking fees, look out for hidden extras. Most decent Feltwell high street solicitors give an all-inclusive price. Often online companies appear to offer cheap fees, but have hidden 'extras' in the in the terms and conditions.