What is the first thing I need to know regarding purchase conveyancing in Marston Moretaine?
Not many law firms or advisers will tell you this but conveyancing in Marston Moretaine or throughout Bedfordshire is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and other parties involved in the ownership transfer. For example, the vendor, selling agent and on occasion the lender. Appointing a lawyer for your conveyancing in Marston Moretaine an important selection as your conveyancer is your adviser, and is the SOLE party in the process whose responsibility is to look after your legal interests and to protect you.
Every so often a third party with a vested interest may try and persuade you that it is in your interests to do things their way. For instance, the selling agent may claim to be assisting by suggesting your solicitor is slow. Or your mortgage broker may advise you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the home moving process.
We wanted to use a property lawyer in Marston Moretaine for our house move. Our broker informed us that our mortgage lenders Coventry Building Society won't deal with them. Surely this is unduly restrictive?
Banks in the main imposes restrictions either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must have two or more partners. As well as restricting the profile of firm, some have limited the number of solicitor practices they permit to represent them. Be aware that Coventry Building Society have no responsibility for the quality of advice provided by any member of Coventry Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of conveyancing panels a few years ago even though there are mixed views regarding the extent of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that plenty of law firms, including some in or near Marston Moretaine only carry out a couple conveyances a year.
I require expedited conveyancing in Marston Moretaine as I am faced with an ultimatum to complete in less than one month. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you have the choice not to do searches although no lawyer would advise that you don't. With plenty of history conveyancing in Marston Moretaine the following are instances of issues that can crop up and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I own a semi-detached Edwardian property in Marston Moretaine. Conveyancing solicitor represented me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Marston Moretaine and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing practitioner who carried out the work.
I'm purchasing a new build house in Marston Moretaine benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent told me not disclose to my lawyer about this deal as it would jeopardize my loan with the bank. Is this normal?.
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.