Our Shiremoor solicitor has identified a discrepancy between the information in the home valuation report and what is in the legal papers for the property. My solicitor has advised that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
What will a local search inform me about the property I am purchasing in Shiremoor?
Shiremoor conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Searches UK The local search is essential in every Shiremoor conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I am buying my first flat in Shiremoor with the aid of help to buy. The developers refused to move on the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not reveal to my conveyancer about this side-deal as it could put at risk my loan with the bank. 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.
Taking into account that I will soon part with 450k on 3 bedroom house in Shiremoor I wish to have a conversation with the conveyancer about myconveyancing before giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your conveyancing in Shiremoor.There is no ‘factory style conveyancing’ - each client is unique person, not a case reference. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Shiremoor should be the figure that you are charged.
The mortgage offer from a lender for the remortgage of my 4 bedroom garden flat is due by the end of next week. Are you able to recommend a low cost remortgage conveyancing law firm in Shiremoor ?
You are on the wrong site if you are in need of a cheap conveyancing in Shiremoor. Our intention is to offer excellent value conveyancing but we do not advertise as being the cheapest. Do not be fooled by companies offering low cost conveyancing in Shiremoor.In your best case scenario, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for additional fee and still not receive the service expected.