I selected a Hathern based solicitor for my conveyancing in Hathern last week. Upon checking the official terms of business I noteI am on the hook for fees even if the sale doesn't happen. Would I be best advised to appoint a web based conveyancing brokerage advertising no completion no cost conveyancing in Hathern?

Generally there is a concession along the lines that if "No Sale No Fee" is offered then the fee levels will generally be higher to cover those cases that do not go ahead. You should be mindful that such offerings tend not to protect you from disbursements for instance Hathern conveyancing search expenses.

The Hathern conveyancing firm handling our Hathern conveyancing has uncovered a difference between the assumptions in the home valuation report and what is revealed within the legal papers for the property. My solicitor informs me that he must ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action appropriate?

Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

When can the exchange of contracts happen for sale conveyancing in Hathern and do I need to attend the solicitors office?

Where you are in close proximity to our conveyancing solicitors in Hathern you are welcome to come in to sign the paperwork. That being said, the law practices we work with provide a nationwide conveyancing service and give just as diligent and professional a job for you when communicating with you electronically. The executing of the property agreement is not the point of no return. A signed contract is necessary for the firm to exchange contracts at the suitable 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 a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hathern)to be in the office available at the end of the phone to exchange contracts.

I am purchasing a new build house in Hathern with a mortgage from Bank of Scotland. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not disclose to my lawyer about this extras as it will put at risk my mortgage with Bank of Scotland. 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 bought a leasehold house in Hathern. Do I have any liability for service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Hathern - Sample of Questions you should ask Prior to buying

Who takes charge for maintaining and repairing the building? It would be sensible to investigate if there are any onerous prohibitions in the lease. For example it is very common in Hathern leases that pets are not permitted in certain buildings in Hathern. If you like the propertyin Hathern but your dog is not allowed to live with you then you will be faced difficult compromise. The majority of Hathern leasehold flats will be liable to pay a service bill for maintenance of the block set on behalf of the management company. Should you buy the property you will have to meet this contribution, usually quarterly during the year. This may vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a ground rent to be met yearly, this is usually not a exorbitant figure, say about £50-£100 but you should to enquire it because occasionally it can be many hundreds of pounds.