Why do I have to pay up front for my conveyancing in Hertfordshire?
Where you are retaining lawyers for conveyancing in Hertfordshire your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the sale price then this will be asked for shortly before contracts are exchanged. The final balance that is due should be sent to your lawyer shortly before completion.
My colleague suggested that where I am buying in Hertfordshire I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Hertfordshire conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Hertfordshire around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Hertfordshire Education with maps and statistics, Local Amenities and other useful data regarding Hertfordshire.
I'm buying a new build house in Hertfordshire with a mortgage from Godiva Mortgages Ltd. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The sale representative advised me not inform my lawyer about the side-deal as it will jeopardize my mortgage with Godiva Mortgages Ltd. 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.
We're FTB’s - had an offer accepted, but the selling agent advised that the seller will only proceed if we appoint the agent's chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a family solicitor used to conveyancing in Hertfordshire
We suspect that the seller is unaware of this request. Should the vendor desire ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Speak to the owners direct and make sure they understand (a)you are motivated buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you are going to appoint your preferred Hertfordshire conveyancing solicitors - as opposed tothe ones that will provide their estate agent a kickback or hit his conveyancing targets demanded by head office.
I am due to review quotes for conveyancing in Hertfordshire from various lawyer and choose one. Should I ask them to hold tight until I have found somewhere to acquire.
You should wait to request your conveyancer to open a file and apply for searches once the offer has been accepted on the property particularly as Hertfordshire conveyancing searches are costly.