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Recently asked questions about conveyancing in Newent

In the event thatI were to acquire a straightforward housein Newent mortgage fee and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Newent?

Any savings you would gain will be limited to the disbursement for searches. Your solicitor is required to do the vast majority of work - money laundering, liaising with your sellers conveyancer, SDLT submission, register the property etc. You might save a bit for them not having to register a charge but it won't be significant.

As someone not used to conveyancing in Newent what is the number one tip you can impart concerning the legal transfer of property in Newent

You may not hear this from too many lawyers but conveyancing in Newent or throughout Gloucestershire is often a confrontational experience. Put another way, when it comes to conveyancing there exists an abundance of room for friction between you and other parties involved in the legal transfer of property. For instance, the vendor, property agent and on occasion the lender. Appointing a lawyer for your conveyancing in Newent is a critical decision as your conveyancer is your adviser, and is the ONE person in the transaction whose interest is to act in your best interests and to protect you.

On occasion a potential adversary will try and sway you that it is in your interests to do things their way. For instance, the property agent may claim to be assisting by suggesting your solicitor is dragging his heels. Or your mortgage broker may try to convince you to do take action that is contrary to your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

I am buying a new build house in Newent benefiting from help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not disclose to my conveyancer about this extras as it will adversely affect my loan with the bank. Should I keep quiet?.

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.

In my capacity as executor for the estate of my aunt I am disposing of a house in Newport but live in Newent. My lawyer (based 235 kilometers awayrequires that I sign a stat dec ahead of completion. Can you recommend a conveyancing practitioner in Newent to attest and place their company stamp on the document?

strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are based in Newent

We recently become aware that one of the partners of the conveyancing practice acting on the purchase conveyancing in Newent is an aunty of the vendor. Is this permitted?

On the basis that there is no conflict of interest this should be fine. Where you are needing mortgage finance then the mortgage company may have a say as many mortgage companies have specific instructions concerning this. For example for Skipton Building Society as of 15/3/2024, the requirements read as follows :

1.15- May your firm act if the person dealing with the transaction or a member of his immediate family is the borrower?

Yes, provided the stipulations in 1.15 are strictly complied with.

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