I have just been advised by my financial adviser that my Sturminster Newton property lawyer is not on the mortgage company Conveyancing panel. What can I do to check?
The first thing you need to do is to call your Sturminster Newton lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they may be able to suggest a Sturminster Newton conveyancing practice that is on the approved list of lawyers for your lender.
3 months have elapsed following my purchase conveyancing in Sturminster Newton completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Sturminster Newton with a mortgage from TSB. The sellers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not reveal to my conveyancer about this deal as it may jeopardize my mortgage with TSB. Is this normal?.
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.
Should I go with a Sturminster Newton conveyancing lawyer based in the vicinity that I am buying? An old friend can carry out the conveyancing but his firm is located 400miles away.
The benefit of a local Sturminster Newton conveyancing firm is that you can drop in to sign documents, hand in your identification documents and apply pressure on them where appropriate. Having local Sturminster Newton know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were happy that must outweigh using an unknown Sturminster Newton conveyancing lawyer solely due to them being based in the area.
Partway through the sale of a leasehold flat in Sturminster Newton. Conveyancing is fine but we have been asked to pay an extortionate amount from the freeholder. So far we have issued a cheque for £275 for a leasehold management information and then another £118 for additional questions supplied by the purchaser's lawyer.
Your property lawyer will not have any sway over the extent of the bill for this information but the typical costs for the information for Sturminster Newton leasehold property is £350. When it comes to Sturminster Newton conveyancing deals it is conventional for the seller to cover the costs. The landlord or their agents are under no statutory obligation to address these questions although many will be content to do so - albeit often at high prices out of proportion to the work involved. Regretfully there is no statute that requires capped fees for administrative tasks. There is no legal time frame by which they are duty bound to supply the information.