I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather appoint a high street conveyancing solicitor in Swadlincote?
You should check but the the probability is that appoint one of their panel lawyers if you accept the "fee-free" offer. Contact the bank to check if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Swadlincote.
What can a local search reveal about the property we're buying in Swadlincote?
Swadlincote conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Onsearch The local search is essential in every Swadlincote conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
It has been 3 months since my purchase conveyancing in Swadlincote concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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.
Am I right to be wary by estate agents that I am dealing with are suggesting an online conveyancing firm as opposed to a local Swadlincote conveyancing practice?
As is the case with many professional services, often recommendations from family and friends can be extremely useful or valuable. Yet there are lots of players in a conveyancing deal; estate agents, mortgage brokers and lenders might all suggest solicitors to select. Sometimes the lawyers might be known to one of the organisations as being good in their field, but occasionally there might be a financial incentive behind the endorsement. You have the discretion to choose your own conveyancer. Don't forget that most banks specify a panel list of solicitors you have to use for the mortgage related work in your conveyancing.
We are expecting to exchange on the purchase a property in Swadlincote but as a consequence of wreckage from the recent storms I have agreed compensation from the seller of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process however the mortgage company will not agree to this. Should they have been approached?
Your conveyancer being on the mortgage company conveyancing panel is obliged to advise the mortgage company of any changes to the sale figure. If you prohibit your lawyer to disclose the reduction to your bank then they would need to discontinue acting for you and the lender.