At what point can the exchange of contracts occur in purchase conveyancing in Thorpe St Andrew and do I need to be at the lawyers branch?
If you are near to one of the conveyancing solicitors in Thorpe St Andrew you are welcome to attend to sign contracts. That being said, the firms we work with offer a nationwide conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The signing of the contract is not the point of no return. A signed contract is necessary for the firm to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thorpe St Andrew)to be in the office available at the end of the phone to exchange contracts.
Should our solicitor be making enquiries regarding flooding during the conveyancing in Thorpe St Andrew.
Flooding is a growing risk for lawyers specialising in conveyancing in Thorpe St Andrew. There are those who acquire a property in Thorpe St Andrew, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a numerous checks that may be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in Thorpe St Andrew. The conventional set of information supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to discover if the premises has suffered from flooding. In the event that flooding has previously occurred and is not notified by the owner, then a buyer may commence a legal claim for losses stemming from an inaccurate reply. A buyer’s lawyers may also order an enviro report. This will higlight whether there is any known flood risk. If so, further inquiries will need to be made.
I'm buying a new build house in Thorpe St Andrew with a loan from TSB. The developers would not move on the amount so I negotiated 6k of additionals instead. The property agent told me not disclose to my solicitor about this side-deal as it will impact my mortgage with TSB. Should I keep quiet?.
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.
I decided to have a survey completed on a house in Thorpe St Andrew before retaining conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some banks will refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Thorpe St Andrew. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thorpe St Andrew to see if the conveyancing costs will increase in light of this.
How easy is it to switch solicitor as I need to appoint a firm on the Nottingham Building Society conveyancing list. I instructed a high street conveyancing solicitor in Thorpe St Andrew round the corner but the firm is not accepted by Nottingham Building Society
It would be our pleasure to help you find a conveyancing solicitor in Thorpe St Andrew on the Nottingham Building Society panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Thorpe St Andrew. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Thorpe St Andrew.