Having been referred to your web site we were going to appoint conveyancing solicitor in Kegworth found on your site but stumbled across some other fee calculations on the internet look less expensive – how come?
There are numerous conveyancers marketing what appear to be very low prices. You should think twice as to how important this transaction is to you that you are willing to take 'cheap' risks with regard to the standard of the legal work. Many of them highlight a bargain fee as a headline but plant supplemental charges in the small print..
I am buying a property in Kegworth. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
Given that your lender is Aldermore your lawyer must follow the conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Aldermore where a lease fails to satisfy these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Kegworth.
After months of negotiation I have agreed a price on an apartment in Kegworth. My mortgage broker recommended their conveyancers. I paid an advanced payment of £200. A few days later, the lawyer called me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
After shopping around on the internet I have found a Kegworth solicitor having made sure that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Kegworth postcode. As you are getting a mortgage with Co-operative, you could contact them to see if they have a list of approved surveyors in Kegworth.
What will a local search reveal concerning the house I am buying in Kegworth?
Kegworth conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search plays an important role in many a Kegworth conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I'm purchasing my first flat in Kegworth with a loan from Barclays Direct. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not reveal to my solicitor about this deal as it will put at risk my loan with the lender. Do I keep my lawyer in the dark?.
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 decided to have a survey done on a property in Kegworth before instructing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks tend refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kegworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kegworth to see if the conveyancing costs will increase in light of this.