Why is leasehold purchase conveyancing in Dorking is more expensive?
The conveyancing charges for a leasehold premises in Dorking is frequently greater than on a freehold residence. This is due to the supplemental investigations necessary in liaising with the landlord and management company to collate the evidence about whether the rent and maintenance charges have been paid and whether there are any major works due in the near future on repairs or maintenance of the block.
Are all Dorking Conveyancing Quality Solicitors on the Kent Reliance conveyancing list of approved practices?
Some major banks and building societies now use CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
My partner and I have arranged the release of further funds on our home loan from TSB as we wish to carry out alterations to our home in Dorking. Are we obliged to choose a nearby Dorking solicitor on the TSB conveyancing panel to handle the legals?
TSB don't usually require firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB panel.
The formalities of my remortgage has taken place for my property in Dorking. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Various online forums that I have frequented warn that are a common cause of obstruction in Dorking conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Dorking.
I'm buying my first flat in Dorking with a mortgage from The Mortgage Works. The builders would not reduce the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not inform my conveyancer about this extras as it could put at risk my loan with the lender. 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.
My conveyancing in Dorking completes on Friday, but the sellers I am buying off wishes to vacate on the Saturday midday. Can I accept this?
In situations where you need a loan then your conveyancer will demand that the property isvacant on Friday - the bank will insist on it.