Me and my partner are soon to exchange on the purchase of a house in Watnall but as a consequence of wreckage from a small fire at the property I have managed to agree reparation from the vendor of £3k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement yet Aldermore will not permit this. Why were they notified?
Your conveyancing practitioner that is on the Aldermore conveyancing panel is obliged to inform Aldermore of any changes to the purchase price. If you were to refuse your conveyancing practitioner to report the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new conveyancer for your conveyancing in Watnall.
We see that you have a post code search directory identifying firms on the Nationwide conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Watnall?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Watnall.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Watnall. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/4/2019, the requirements read as follows :
Will my conveyancer be asking questions about flooding as part of the conveyancing in Watnall.
Flooding is a growing risk for lawyers dealing with homes in Watnall. There are those who purchase a property in Watnall, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, but there are a various checks that can be undertaken by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Watnall. The standard information supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the owner to discover if the property has historically flooded. In the event that the premises has been flooded in past which is not notified by the seller, then a buyer may issue a claim for damages stemming from an inaccurate reply. A buyer’s lawyers should also conduct an environmental report. This will indicate if there is any known flood risk. If so, more detailed inquiries should be conducted.
Please can you suggest a property lawyer for buying a bungalow? Ideally someone in the Watnall area, who will contact me via email - not someone who insists on slow mail or fax.
The purpose of this site is restricted to being a directory service for solicitors who wish to be listed as being on the approved conveyancing panel for Leeds Building Society in certain areas such as Watnall . Our intention is not to recommend any specific solicitor.