My property lawyer in Heathfield is not listed on the National Westminster Bank Solicitor Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are excluded from the National Westminster Bank panel?
Your options are as follows:
- Carry on with your existing Heathfield lawyers but National Westminster Bank will need to instruct a solicitor on their panel. This will result in additional total legal fees and result in frustration.
- Get a new practitioner to to deal with the purchase, remembering to check they are Persuade your conveyancer to use their best endeavours to join the National Westminster Bank conveyancing panel
Should commercial conveyancing searches reveal impending roadworks that could impact a commercial premises in Heathfield?
Many commercial conveyancing solicitors in Heathfield will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Heathfield. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Heathfield.
For every commercial conveyancing transaction in Heathfield it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Heathfield commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Heathfield.
It has been five months since my purchase conveyancing in Heathfield took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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'm buying a new build house in Heathfield with a mortgage from Norwich and Peterborough Building Society. The developers would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not inform my lawyer about this extras as it would jeopardize my mortgage with the lender. 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 need to consider costs for conveyancing in Heathfield from three solicitor and decide on one. Am I right to get them to hold tight until I a suitable flat to buy.
You should only ask your lawyer to start work and apply for searches once the sales memorandum has been issued by the estate agent particularly as Heathfield conveyancing searches are costly.