We're in Rainham, First time buyers purchasing with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I need some fast conveyancing in Rainham as I have an ultimatum to exchange contracts within 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are not taking a home loan you are at liberty not to have searches carried out although no law firm would advise that you don't. With plenty of history conveyancing in Rainham the following are instances of what can be revealed and therefore impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I have todaybecome aware that Stirling Law have closed. They carried out my conveyancing in Rainham for a purchase of a freehold house 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rainham conveyancing specialists.
I am purchasing a new build house in Rainham with the aid of help to buy. The developers would not move on the amount so I negotiated £7000 of additionals instead. The estate agent advised me not reveal to my solicitor about the side-deal as it may 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 was pointed in your direction by a few selling agents in Rainham to select a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your site over a competitor’s?
We don’t offer any commission for sending work to this site. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.