My husband and I are acquiring a brand new flat in Farnham Royal and my conveyancer is informing me that she has to the mortgage company to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and I don't want to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am looking for a leasehold apartment up to £305k and identified one close by in Farnham Royal I like with open areas and transport links nearby, however it's only got 51 years on the lease. There is not much else in Farnham Royal for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage that many years may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Taking into account that I am about to part with 450k on 3 bedroom house in Farnham Royal I would like to talk to a conveyancer regarding theconveyancing prior to instructing the firm. Is this something that you can arrange?
Absolutely - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer who will be carrying out your conveyancing in Farnham Royal.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Farnham Royal should be the amount on the final invoice that you end up paying.
I need to appoint a conveyancing solicitor for sale conveyancing in Farnham Royal. I have stumble upon a site which seems to have the perfect offering If there is a chance to get all the legals completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am hoping to acquire a repression flat in Farnham Royal and the mortgagee in possession require completion within a week. Can a solicitor complete in this timeframe? Would it be better to instruct a high street Farnham Royal firm or an online firm that advertises to complete quickly?
Visit your Farnham Royal shopping parade. Pop in to a couple of firms and request to see a conveyancing solicitor for an estimate. Discuss your situation and try and obtain a commitment on time frames. Select the firm that seems most genuine. You need to use a conveyancing practitioner on the panel of lawyers who can act for your mortgage company.