We are due to complete buying a property in Ilfracombe but as a consequence of wreckage from some water damage at the property I have managed to agree recompense from the owner of £2k taking the form of a adjustment in the price. This was going to be dealt with as part of amending the contract but Nottingham will not agree to this. Why were they approached?
Any solicitor that is on the Nottingham conveyancing panel is duty bound to advise Nottingham of any amendments to the purchase price. If you prohibit your lawyer to notify the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new conveyancing practitioner for your conveyancing in Ilfracombe.
Do I need to pop into the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Ilfracombe so that I can pop in to their offices when needed.
Whereas this was necessary 15 years ago, most banks no longer require their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to supply ID documents and there are still distinct benefits to instructing a local solicitor, in your case a conveyancing solicitor in Ilfracombe.
It has been 3 months since my purchase conveyancing in Ilfracombe concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. 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 premises 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 Ilfracombe with a mortgage from Skipton Building Society. The sellers refused to budge the price so I negotiated 6k of extras instead. The estate agent told me not disclose to my solicitor about the deal as it would adversely affect my mortgage with the lender. 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.
My husband and I are new on the property ladder - had an offer accepted, yet the property agent advised that the seller will only go ahead if we use their preferred conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor used to conveyancing in Ilfracombe
It is unlikely the vendors are behind this. Should the vendor want ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are genuine purchasers (b)you are ready to go, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Ilfracombe conveyancing solicitors - rather thanthose that will earn their negotiator at the agency a introducer fee or meet his conveyancing targets demanded by HQ.