My partner’s brother is a solicitor. I anticipate that I will be offered preferential fee for conveyancing, but if not, what kind of costs should I be paying for conveyancing in Shotton?
Do compare pricing. Do use our search tool on this site. The prices will vary but the service one can expect differ between law firms as is the case with most professions.
My nephew is purchasing a house that has just been built in Shotton with a mortgage from Virgin Money. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Over the last few months I have been searching for a flat up to £305k and found one round the corner in Shotton I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Shotton for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Is it simple use the search facility to choose a conveyancing lawyer in Shotton on the authorised to act for my bank?
1st choose a lender such as Lloyds TSB Bank, The Royal Bank of Scotland or Britannia then specify your preferred area for example Shotton. Conveyancing firms in Shotton and across England and Wales will then be listed.
My conveyancing solicitor in Shotton is asking me for personal identification documents saying that this forms part of his requirements as a conveyancer on the mortgage company Solicitor panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not specific to conveyancing in Shotton