My partner and I have recently bought a house in Poole. We have noticed several issues with the house which we suspect were omitted in the conveyancing searches. Is there anything we can do? What searches should? have been carried out for conveyancing in Poole?
The question is vague as to the nature of the problems and if they are unique to conveyancing in Poole. Conveyancing searches and due diligence initiated during the buying process are designed to help avoid problems. As part of the process, a property owner answers a document referred to as a Seller’s Property Information Form. answers turns out to be inaccurate, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Poole.
We are buying a 3 bedroom apartment in Poole with a residential mortgage from Chelsea Building Society.We would like to retain our Poole conveyancing solicitor but Chelsea Building Society informed us his firm is not listed on their "panel". we are left little option but to use a Chelsea Building Society panel firm or retain our high street solicitor and fork out for a Chelsea Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you contains terms and conditions, a common one being that solicitors must be on the Chelsea Building Society approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Chelsea Building Society
I am purchasing a new build house in Poole benefiting from help to buy. The developers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not disclose to my solicitor about this deal as it will 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.
I have been pointed in your direction by a few property agents in Poole to locate a conveyancer using your seach tool. Is there a financial upside for Estate Agents to promote your site over and above a competitor’s?
We don’t offer any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are new to the buying process - agreed a price, yet the estate agent has warned us that the owners will only go ahead if we use their recommended conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Poole
It is highly unlikely the vendors are behind this. If they desire ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Avoid the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your preferred Poole conveyancing solicitors - not the ones that will give the estate agent a commission or achieve conveyancing targets pre-set by senior management.