We previously chose solicitors locally in Fareham on the RBS solicitor panel. They have just invoiced me a separate charge for dealing with the RBS mortgage. Is this a supplemental conveyancing fee specified by RBS?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer can charge a fee for this. The fee is not dictated by RBS but by your Fareham conveyancer. Some firms on the RBS panel will charge ’dealing with mortgage’ fee but many firms incorporate it on their overall fee.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Fareham conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The formalities of my purchase has taken place for my property in Fareham. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am buying a new build house in Fareham benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent advised me not reveal to my solicitor about the extras as it could affect my mortgage with Nottingham Building Society. 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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Fareham is the location of the property. Can you offer any guidance?
Flying freeholds in Fareham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fareham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fareham 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 property.
What does commercial conveyancing in Fareham cover?
Non domestic conveyancing in Fareham covers a broad range of services, given by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My husband and I are FTB’s - had an offer accepted, yet the selling agent informed us that the vendor will only move forward if we appoint their recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Fareham
It is unlikely the owners are driving this. If they require ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Avoid the agents and go straight to the owners and explain that (a)you are genuine buyers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you are going to instruct your own,trusted Fareham conveyancing solicitors - as opposed tothe ones that will earn their estate agent a referral fee or hit his conveyancing targets pre-set by corporate headquarters.