We're in Moreton In Marsh, First timers buying with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

Will our conveyancer be making enquiries concerning flooding as part of the conveyancing in Moreton In Marsh.

Flooding is a growing risk for conveyancers specialising in conveyancing in Moreton In Marsh. Plenty of people will acquire a property in Moreton In Marsh, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Lawyers are not qualified to give advice on flood risk, however there are a numerous checks that may be initiated by the buyer or by their conveyancers which can give them a better appreciation of the risks in Moreton In Marsh. The conventional set of completed inquiry forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to find out whether the premises has suffered from flooding. If flooding has previously occurred which is not disclosed by the owner, then a purchaser could issue a claim for damages resulting from an misleading response. A purchaser’s conveyancers may also conduct an environmental search. This will higlight whether there is a recorded flood risk. If so, additional investigations should be made.

I'm buying a new build house in Moreton In Marsh with a loan from Birmingham Midshires. The developers would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not disclose to my conveyancer about this extras as it could put at risk my loan with Birmingham Midshires. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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 opted to have a survey carried out on a house in Moreton In Marsh in advance of appointing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks will not grant a loan on this type of property.

It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Moreton In Marsh. Conveyancing may be slightly more expensive based on your lender's requirements.

Do online conveyancing organisations do everything a high street Moreton In Marsh solicitor does or must I employ a solicitor for the final stages for my conveyancing in Moreton In Marsh?

If you choose an online conveyancer they should cover all the tasks your Moreton In Marsh conveyancer will cover.