I had intended to instruct a property lawyer in Herefordshire for our house purchase. Our broker has since notified us that our bank Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?
A lender may insist on a panel conveyancer act for it. You would be liable to meet the charges for this. Please make use of our database to get a quote from a solicitor to carry conveyancing in Herefordshire on the Coventry Building Society member panel.
I require quick conveyancing in Herefordshire as I am under an ultimatum to sign on the dotted line inside 3 weeks. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Herefordshire the following are instances of issues that can crop up and adversely impact the marketability of the property: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
I am purchasing a new build house in Herefordshire with the aid of help to buy. The developers would not budge the amount so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my solicitor about the extras as it will put at risk my mortgage with the lender. Should I keep quiet?.
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've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Herefordshire is where the house is located. Can you shed any light on this issue?
Flying freeholds in Herefordshire are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Herefordshire you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Herefordshire 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.
What does commercial conveyancing in Herefordshire cover?
Herefordshire conveyancing for business premises incorporates a broad range of advice, given by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.