Do lenders provide you with an approved list of Rocester conveyancing solicitors? How do you know who is on the UBS conveyancing panel?
Rocester conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
It has been three months since my purchase conveyancing in Rocester took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
I'm purchasing my first flat in Rocester benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my conveyancer about the deal as it could adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
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 am 3 weeks into a leasehold purchase having been directed to a firm by the selling agent to carry out the conveyancing in Rocester. I am am extremely disappointed with the quality of service. Could you you assist me in finding new conveyancers?
A solicitor would have to be really poor in order to consider replacing them. Has your mortgage offer been sent? If so you must advise them of the new contact details and have the loan are re-issued. Your new solicitor ideally needs to be on the mortgage company panel to avoid added expenses and complications. So that should be your starting point. Our search tool can help you find a lender approved solicitor for your home move in Rocester
One month into purchasing a residence in Rocester. Conveyancing solicitor has told us the property is "Leasehold". Will this likely make a difference on our HSBC valuation?
Rocester conveyancing does not normally involve leasehold houses. The key factor here is the length of lease and the ground rent. If there are hundred of years years remaining with a nominal rent, it's almost the same as freehold, so it shouldn't impact the marketability too much.
At the other end of the spectrum, if it's, say, fifty five years it is bound to have a adverse effect on the value, and most likely wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be specified in the lease provided to your lawyer.