We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would prefer to instruct a Solva based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors should you take up the "fee-free" offer. Call the lender and ask if they allow a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Solva.
There is lots of here regarding conveyancing in Solva but what is your top tip for appointing the right conveyancer in Solva
It would be unwise to be seduced by the lowest Solva conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
We previously selected solicitors locally in Solva on the Lloyds solicitor panel. They are now charging me a separate sum for handling the Lloyds mortgage. Is this an additional conveyancing fee specified by Lloyds?
Provided it is contained in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. This fee is not dictated by Lloyds but by your Solva solicitor. Some firms on the Lloyds panel will quote an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I recently had an offer accepted on a house in Solva. My mortgage broker suggested a conveyancer. I paid an upfront payment of £175. Soon after, the conveyancer called me to say that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am purchasing a new build house in Solva benefiting from help to buy. The developers would not budge the amount so I negotiated £7000 of extras instead. The estate agent advised me not to tell my conveyancer about the side-deal as it would jeopardize my mortgage with the lender. 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 need to appoint a conveyancing solicitor for some conveyancing in Solva. I've land on a site which looks to be the perfect answer If there is a chance to get all this stuff completed via email that would be ideal. 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?
My wife and I have appointed a Solva conveyancing solicitor for our home move (FTB’s) and have spotted in the terms and conditions that they are not covered by the FCA. Should I be worried or is that usually the case with solicitor?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the SRA, who dictate specific laws regulating amounts held on client account.