We're in Brook Green, FTBs purchasing with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I'm purchasing a new build house in Brook Green with a mortgage from Santander. The sellers would not reduce the price so I negotiated 6k of additionals instead. The sale representative advised me not disclose to my conveyancer about the side-deal as it may impact my mortgage with the bank. Is this normal?.
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.
I have been pointed in your direction by a number of property agents in Brook Green to choose a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to promote your site ahead of a competitor’s?
We refuse to make any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are a fortnight into a residential purchase having been referred to conveyancers by the estate agent to do our conveyancing in Brook Green. I am am starting to be frustrated with the level of service. Could you you assist me in finding new conveyancers?
A conveyancer would have to be very poor in order to consider replacing them. Has your mortgage been generated? In the event that it has you must inform them of the new contact details and have the offer are issued to the new lawyers. The conveyancer needs to be on the banks approved list to avoid supplemental charges and delays. That should be your first question of the new solicitors. Our search tool should help you find a lender approved conveyancer for your home move in Brook Green
Online research suggests that Brook Green solicitors are more expensive than Brook Green conveyancers in Brook Green to use when purchasing a house. Am I better off using a conveyancer or a solicitor if I am purchasing a property in Brook Green.
When it comes to conveyancing in Brook Green the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.