My partner and I are acquiring a brand new duplex in Nailsea and my solicitor is informing me that she has to the bank to disclose incentives from the developer. The Estate Agents are hassling me to sign contracts and my preference is not to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. 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 told that my conveyancing solicitors will need to check that the building insurance when buying a house in Nailsea. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 10/12/2024, the requirements read as follows :
Me and my partner are purchasing a property in Nailsea. It might be a silly question but how we can trust a conveyancer? On completion day we have to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am new to the home moving as a 1st time purchaser of a two bedroom flat in Nailsea. Do I collect the keys to the premises on completion from my lawyer? If so, I will use a local conveyancing solicitor in Nailsea?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and start moving into the property. Usually this happens between 1 and 3pm.
Are all Nailsea Conveyancing Quality Solicitors on the Skipton conveyancing panel?
A selection of banks and building societies now use the accreditation scheme 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 Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
It has been five months following my purchase conveyancing in Nailsea concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Been on the hunt for a conveyancing practitioner for freehold sale conveyancing in Nailsea. We are selling, uncomplicated no mortgage to pay off, no hurry, currently vacant. Got a quote from a conveyancing practitioner for £1000 excluding VAT which is a little steep considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Nailsea?
Considering it’s a sale only, 475 + VAT would be about the best for sale conveyancing in Nailsea.