Are the Frampton Cotterell conveyancing solicitors identified as being on the Bank of Ireland conveyancing panel, together with their details provided by Bank of Ireland?
Frampton Cotterell conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
How does conveyancing in Frampton Cotterell differ for new build properties?
Most buyers of new build or newly converted property in Frampton Cotterell approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Frampton Cotterell usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Frampton Cotterell or who has acted in the same development.
Do I need to be wary that brokers that I am dealing with are recommending a national conveyancing firm rather than a High Street Frampton Cotterell conveyancing firm?
As is the case with many service providers, often recommendations from family and friends can be most helpful. Yet there are many players in a conveyancing deal; estate agents, financial adviser and banks may recommend lawyers to appoint. On occasion the lawyers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You have the right to choose your own lawyer. However, bear in mind that most lenders specify a panel list of solicitors you are obliged to use for the lender related work in your home move.
I need to retain a conveyancing solicitor for remortgage conveyancing in Frampton Cotterell. I happened to chance upon a web site which looks to be the perfect offering If it is possible to get all formalities completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We are midway through purchasing a residence in Frampton Cotterell. Conveyancing lawyer has phoned to say the property is "Leasehold". Does this make a difference on our Santander valuation?
Frampton Cotterell conveyancing does not usually involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it shouldn't impact the value too much.
At the other extreme, if it's, say, Sixty years it is bound to have a material impact on the saleability, and most likely wouldn't be acceptable to the bank. The remaining lease term and ground rent will be specified in the lease provided to your conveyancing practitioner.