We went with a New Addington based lawyer for our conveyancing in New Addington last week. After carefully reading the Terms and Conditions I notewe are on the hook for charges even if the dealdoes not happen. Would I be best advised to instruct an on-line solicitor practice offering no completion no charge conveyancing in New Addington?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will tend to be be higher to offset those conveyances that do not proceed. Please beware that such deals rarely cover outlay e.g. New Addington conveyancing search costs.
Are the BSA intent on creating a searchable register to list law firms on the Loughborough BS conveyancing panel for instance in New Addington?
We have not been informed any plans on the part of the BSA to develop such a search facility.
Various web forums that I have frequented warn that are the primary cause of delay in New Addington conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in New Addington.
I am purchasing my first flat in New Addington benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of extras instead. The sale representative suggested that I not disclose to my conveyancer about the extras as it would jeopardize 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 need to appoint a conveyancing solicitor for my conveyancing in New Addington. I have land on a web site which looks to be the perfect offering If it is possible to get all this stuff done via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?