Much to our surprise we have been told by our IFA that my Port Isaac property lawyer is not on the mortgage company Solicitor panel. How can I be certain that this is indeed the case?
Your first step should be to call your Port Isaac conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
Finally the sale completed on my house in Port Isaac last March yet the purchaser is e-mailing me to moan that their conveyancer is waiting to hear from myconveyancer. What should have happened now that I have sold?
Post completion of your house sale your solicitor is duty bound to deliver the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your solicitor must also confirm that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There are no post completion formalities unique to conveyancing in Port Isaac.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Port Isaac?
There are two types of lawyers who can execute conveyancing in Port Isaac namely CLC regulated conveyancers or solicitors. The two can administer conveyancing services that you need to complete the disposal or purchase of property. They are both required to handle Port Isaac conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally administered and that the necessary steps should be accurately attended to.
I just acquired a property at auction in Port Isaac. Conveyancing is necessary. What happens now?
Having legally bound yourself to purchase you must hire the services of a conveyancing lawyer soon as you will have a pending a fixed date to complete the property. An auction property will ordinarily have a bespoke legal pack. This should include evidence of title and search results. In the case of leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
Co-operative have agreed my mortgage in principle, my offer on a house in Port Isaac has been accepted, what are the next steps?
The estate agent will need to be informed of your lawyer's details (ensure that the conveyancers are on the bank’s approved list). Telephone Co-operative or your financial adviser and finalise any outstanding documentation. Co-operative will instruct a valuer who will get in touch with the selling agent or vendor to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Co-operative will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Port Isaac.
I am buying a new build house in Port Isaac with a loan from Santander. The builders would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not reveal to my conveyancer about this deal as it may adversely affect my mortgage with the bank. 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 advised by a number of selling agents in Port Isaac to choose a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to recommend your lawyers rather than a competitor’s?
We don’t give any financial incentive for sending work to this site. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.