I am acquiring a property for cash in Kibworth. I have been living for the previous 20 years in Kibworth. Conveyancing searches are a lot of money. As I have knowledge of the road and vicinity very well must I have all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the Kibworth conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches done, but she is duty bound to take that path of encouragement . Do bear in mind; if you are going to sell the house one day, it will likely be be of relevance to your future buyer what the searches reveal. On occasion houses with functional issues can still reveal unfavourable search results. A good conveyancing solicitor in Kibworth will provide you some constructive advice here.
Why do I have to pay up front when it comes to conveyancing in Kibworth?
If you are buying a property in Kibworth your lawyer will ask you put them with monies to cover the search fees. Normally this is needed to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this will be asked for immediately before exchange of contracts. The closing balance that is due should be sent to your lawyer shortly before completion.
My wife and I are purchasing a property in Kibworth. It might be a silly question but how we can trust a conveyancer? On completion day we will need to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am expecting a AIP from Nationwide this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Kibworth solicitors on the Nationwide conveyancing panel, or is it better to go independently?
You will need to appoint Kibworth solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
At last I have had an offer on an apartment in Kibworth agreed to, but there is a chain. The sellers have placed an offer on on an apartment, but it’s not yet agreed to, and are looking at other properties in the pipeline. I have chosen a high street conveyancing solicitor in Kibworth. What should be my next step? When do I get the mortgage application with TSB going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then survey, Kibworth conveyancing search charges, etc). The first course of action is to check that your conveyancer is on the TSB conveyancing panel. As to the subsequent stages this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. During a buoyant market the majority of purchasers would apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they pay their solicitor to proceed with searches.
I decided to have a survey done on a property in Kibworth before instructing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some banks may refuse to grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kibworth. Conveyancing will be smoother if you use a solicitor in Kibworth especially if they regularly deal with such properties in Kibworth.
My father-in-law has suggested that I appoint his conveyancers in Kibworth. Should I use them?
There are no two ways about it the best way to find a conveyancing practitioner is to have guidance from friends or relatives who have experience in using the firm that you are considering.