Souldusing a Pratt's Bottom conveyancing lawyer make my purchase more efficient?
Established third party relationships are another important factor to consider when appointing conveyancing solicitors. Pratt's Bottom law firms benefit from long term relationships with financial advisers and agents, local authorities, surveyors and other conveyancing firms meaning the whole process is going to be much smoother for you. Possessing specialist experience in the local area is an advantage.
My Solicitor in Pratt's Bottom is not listed on the Chelsea Building Society Conveyancing Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are excluded from the Chelsea Building Society panel?
The limited options available to you here include:
- Complete the purchase with your existing Pratt's Bottom lawyers but Chelsea Building Society will need to use a solicitor on their list of acceptable firms. This will result in additional total legal charges and result in frustration.
- Get a new practitioner to act in the conveyancing, not forgetting to check they are Persuade your conveyancer to use their best endeavours to join the Chelsea Building Society conveyancing panel
I'm purchasing my first flat in Pratt's Bottom benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of extras instead. The estate agent told me not reveal to my conveyancer about this side-deal as it would jeopardize my mortgage 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.
I decided to have a survey completed on a house in Pratt's Bottom before appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders tend refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Pratt's Bottom. Conveyancing will be smoother if you use a solicitor in Pratt's Bottom especially if they are accustomed to such properties in Pratt's Bottom.
Are there any compelling advantages to using a local conveyancer in Pratt's Bottom
Home movers in Pratt's Bottom choose a nearby high street conveyancing practitioner so that they can visit in the event that they have concerns, and to deliver paperwork without using the Royal Mail.
We would suggest that there is a marginal benefit in opting for a lawyer local to a premises you are purchasing, due to the in-depth knowledge of the region and possible local issues - but this is moot. Many conveyancers are now via the internet and may be almost anywhere.