We are about to complete on the purchase of a house in Ferndown but as a consequence of wreckage from the recent storms I have managed to agree recompense from the seller in the sum of £3k in the form of a adjustment in the price. This was going to be addressed as part of amending the contract however Santander will not permit this. Should they have been informed?
The property lawyer that is on a Santander conveyancing panel is required to inform Santander of any variations to the sale price. If you prohibit your conveyancer to notify the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new property lawyer for your conveyancing in Ferndown.
At what point does exchange of contracts happen for sale conveyancing in Ferndown and do I need to be at the conveyancers office?
If you are near to one of the conveyancing solicitors in Ferndown you are welcome to attend to sign documents. That being said, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. A signed contract is necessary for the firm to officially exchange at the appropriate 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 an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ferndown)to be in the office at the appropriate time.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Ferndown is the location of the property. Can you offer any guidance?
Flying freeholds in Ferndown are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ferndown you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ferndown may decide 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 property.
I'm remortgaging my existing home to a buy to let mortgage with Barnsley Building Society and intend to use the remaining equity as a down payment on another property. The location we are interested in is Ferndown. Will your lawyers be able to act for both sets of lenders and tie in the two deals?
Make use of our search tool on this site to be sure that the conveyancers are approved by both lenders. Having checked that they are your solicitor will be able to connect the two conveyancing matters but you should talk with you solicitor and make apparent your desired outcome and requirements.
Please can you recommend a trustworthy Ferndown lawyer for buying a flat? A work colleague recommended one but their estimate was £1150 for a 225k property. That seems a tad expensive. The bank will be Santander.
LenderPanel.com is restricted to being a directory service for solicitors who wish to be listed as being on the approved conveyancing panel for Santander in certain locations such as Ferndown . Our intention is not to recommend any particular lawyer.