AssumingI were to purchase a freehold housein Merton for cash and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Merton?
Any savings you would achieve will be limited to the Merton conveyancing searches. A property lawyer is obliged to do the vast majority of work - money laundering, correspond with the vendors conveyancing practitioner, SDLT return, register the ownership etc. A marginal saving might be made by not needing to register a charge however it won't be meaningful.
Various web forums that I have visited warn that are the main cause of hinderance in Merton house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Merton.
I am purchasing a new build house in Merton with a mortgage from Nottingham Building Society. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not to tell my lawyer about the extras as it could adversely affect my loan 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.
Is it simple use the search app to choose a conveyancing solicitor in Merton on the approved list for my mortgage?
Step one is to pick a bank such as Accord Mortgages Ltd, The Mortgage Works or Aldermore then choose your location e.g. Merton. Conveyancing firms in Merton and across England and Wales will then be shown.
In surfing the internet for the term on line conveyancing in Merton it shows results of many property lawyerslocally. With so much choice what is the best way to find the right property lawyer for me?
The ideal method of finding the right conveyancer is through a personal recommendation, so seek the counsel of colleagues and those you trust who have purchased a property in Merton or a reputable estate agent or mortgage broker. Costs for conveyancing in Merton differ, so it's advisable to secure at least three estimates from varying types of solicitors. Make sure that you know what costs in the quote includes.