My partner’s uncle is a conveyancer. I anticipate that I can be offered preferential pricing for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Luton?
You should compare pricing. Make use of our comparison tool on this site. The prices do vary but service levels do differ between solicitors as is true with the vast majority of professional services.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Luton so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for mortgage companies conduct their work through Royal Mail, e-mail or over phone calls. This means that they can undertake the legal work for your home move no matter where you live in England or Wales. However you can see if you can still book an appointment to visit conveyancing lawyer if needed.
four months have elapsed since my purchase conveyancing in Luton completed. I have checked the Land Registry site which shows that I paid £175,000 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 Luton with a mortgage from Accord Mortgages Ltd. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not disclose to my solicitor about the deal as it may adversely affect my loan with the bank. Should I keep quiet?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Luton before instructing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some lenders tend not issue a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Luton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Luton to see if the conveyancing costs will increase in light of this.