We were about to choose a conveyancing solicitor in Thorpe St Andrew found on your site but have come across alternative costs illustrations on the internet seem less pricey – why is this?
There are plenty of solicitors promoting supposedly cut-price conveyancing, yet more often than not additionalcosts result in the final invoice being inflated. Conveyancers are obliged to make sure that charges set out in terms of engagement should be equitable and be applied The solicitors that we put forward for conveyancing in Thorpe St Andrew clearly state all charges for the property you intend tobuy.
My wife and I are only a couple days away from an exchange on a house in Thorpe St Andrew and my parents have sent the exchange deposit to my lawyer. I am now told that as the deposit has not come from me my conveyancer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your property lawyer is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
A relative advised me that if I am purchasing in Thorpe St Andrew I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Thorpe St Andrew conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Thorpe St Andrew around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Thorpe St Andrew Education with maps and statistics, Local Amenities and other useful data regarding Thorpe St Andrew.
I'm buying my first flat in Thorpe St Andrew with a loan from HSBC Bank. The builders would not reduce the price so I negotiated 6k of additionals instead. The property agent told me not to tell my solicitor about this side-deal as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Taking into account that I am about to spend hundreds of thousands of pounds on 3 bedroom house in Thorpe St Andrew I wish to have a conversation with the conveyancer about myhouse move before giving the go ahead to the firm. Can this be arranged?
This is something that we recommend - we would be delighted to talk to you we do not take any clients on without you first talking to the conveyancer who will be doing your conveyancing in Thorpe St Andrew.There is no ‘factory style conveyancing’ - each client is an important individual, not a file reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Thorpe St Andrew should be the amount on the final invoice that you end up paying.