Why do I have to pay up front when it comes to conveyancing in Southville?

Where you are retaining lawyers for conveyancing in Southville your solicitor will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the total price then this should be required immediately in advance of exchange of contracts. The closing balance that is due should be transferred a couple of days ahead of the day of completion.

We just had an offer accepted to purchase with Melton Mowbray Building Society. I popped in 3 or 4 local firms but am unable to find a Southville conveyancing firm on the Melton Mowbray Building Society approved list. Can you help?

You should make use of the search tool on this page. Please choose the lender and type Southville or your preferred area and you will discover numerous conveyancers based in Southville or nearest you.

Me and my brother have a renovated Edwardian property in Southville. Conveyancing practitioner acted for me and HSBC Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?

You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Southville and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who conducted the conveyancing.

I am buying a new build house in Southville with a loan from Alliance & Leicester . The developers would not budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not to tell my conveyancer about the extras as it could jeopardize my mortgage with Alliance & Leicester . Should I keep quiet?.

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've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Southville is the location of the property. What do you suggest?

Flying freeholds in Southville are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southville you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southville may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.