Is it realistic for conveyancing in Wellington to be done in 10 days?
In the event that the seller is applying pressure for your conveyancing we would recommend that your conveyancer is familiar with the area as they will make use of local contacts and knowledge. It is possible that they may have conducted otherhomes in the same neighbourhood. You would be best advised to use a Wellington conveyancing firm. In addition, make sure that the lawyer is on the member panel. It is understood that just under twenty per cent of Wellington conveyancing transactions are frustrated or jeopardised after discovering a purchaser’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being frustrated by almost three weeks. It is believed that this issue impacts in the region of 100,000 home moves every year. Most Wellington conveyancing firms can not act for certain banks so do check as early as possible.
My wife and I are intent on selling our home in Wellington and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Wellington conveyancer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing outfit as opposed to a conveyancing solicitor in Wellington. Having lived in Wellington for many years we know that this is a non issue. Should we contact our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
My wife and I purchased a semi-detached Georgian house in Wellington. Conveyancing practitioner acted for me and Bank of Scotland. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wellington and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who conducted the work.
I'm purchasing a new build house in Wellington benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not to tell my lawyer about the side-deal as it may impact my loan with Nottingham Building Society. Do I keep my lawyer in the dark?.
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 need to swap lawyers as my Wellington lawyer is not on the mortgage company's panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet appointed a conveyancer to commence the conveyancing and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Wellington that you're thinking of instructing.