I have given 2 months notice to my current landlord and must be out of my rented property in Buckingham by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in 4 weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to serve notice on a rental unless you have exchanged. Assuming that you have not already done so, speak to your conveyancer and urge them to they chase the other solicitors, try to a target completion date that everyone will aim to achieve
We're in Buckingham, First time buyers 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 solicitor 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 am buying my first flat in Buckingham with a loan from Accord Mortgages Ltd. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not inform my solicitor about the deal as it may affect my mortgage with the bank. 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 have been advised by numerous selling agents in Buckingham to locate a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to market your site over and above alternative conveyancing organisations?
We refuse to make any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission because home movers will 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.
Should I appoint a Buckingham conveyancing practitioner who is local to the property I am buying? We have a good friend who can perform the legal work however her office is 400miles drive away.
The benefit of a high street Buckingham conveyancing practice is that you can visit the firm to execute documents, hand in your ID and apply pressure on them if necessary. Having local Buckingham know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and in the main were content that must surpass using an unfamiliar Buckingham conveyancing solicitor solely due to them being Buckingham based.