Am I correct in assuming that the fact that my solicitor in Chafford Hundred is not on my lender's conveyancing panel that there is a problem with the quality of his work?
That would more than likely be a wrong assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Chafford Hundred conveyancing practice and enquire why they are no longer on the approved list for your bank.
IfI were to buy a freehold housein Chafford Hundred mortgage fee and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in Chafford Hundred?
The only saving you would achieve is the costs for searches. The property lawyer is obliged to do the vast majority of work - money laundering, communicating with your vendors lawyer, stamp duty submission, register the ownership etc. A marginal saving might be made by not having to register a charge however it will not be a lot.
A colleague recommended that where I am purchasing in Chafford Hundred I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Chafford Hundred conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Chafford Hundred around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Chafford Hundred.
I have todaybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Chafford Hundred for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chafford Hundred conveyancing specialists.
I'm buying my first flat in Chafford Hundred with a mortgage from Chelsea Building Society. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not disclose to my conveyancer about this side-deal as it could adversely affect 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.