Why do I have to pay up front for my conveyancing in Tolworth?
Where you are retaining lawyers for conveyancing in Tolworth your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. Normally this is requested to cover the fees of the Local Authority Search. When the deposit is as part of the total price then this will be needed shortly ahead of contracts are exchanged. The closing balance that is due will be payable shortly before completion.
Do I need to pay for insurance to address the risk of chancel repairs when buying a property in Tolworth?
Unless a previous purchase of the property completed post 12 October 2013 you could expect solicitors handling conveyancing in Tolworth to remain encouraging a chancel search and or chancel repair liability policy.
It has been 3 months following my purchase conveyancing in Tolworth concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
I'm buying a new build house in Tolworth with a loan from The Royal Bank of Scotland. The builders refused to move on the price so I negotiated 6k of additionals instead. The sale representative told me not disclose to my solicitor about the deal as it could 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 about to exchange on the purchase a house in Tolworth but as a result of wreckage from the recent storms I have negotiated compensation from the current proprietors of four thousand pounds taking the form of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process yet my mortgage company will not permit this. Why were they informed?
Any conveyancer being on the mortgage company conveyancing panel is obliged to advise the bank of any changes to the sale amount. If you prohibit your solicitor to report the price change to your bank then they would have no choice but to discontinue representing you and the bank.