Having been referred to your organisation we were going to use a conveyancing solicitor in Strood endorsed by you but stumbled across alternative fee calculations via the web appear less expensive – how come?
One can find numerous conveyancers advertising at first sight what seems to be cut price. Our advice is to think twice as to how important this transaction is to you that you are willing to be penny wise pound foolish with regard to the quality of the conveyancing. Many of them highlight a budget fee as a headline but bury extra charges in the small print..
We are only a couple days away from an exchange on a flat in Strood and my mum and dad have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my solicitor needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The solicitor is legally required to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
My wife and I are in the process of looking at apartments in Strood and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with RBS.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are seeking a mortgage with RBS, make sure you remember to check that your lawyer is on the RBS conveyancing panel.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Strood bank branch on numerous occasions and was reassured it wasn't a problem and they will lend. My Strood conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend based on their specific requirements. Who do I believe?
Provided that the conveyancing practitioner is on the bank approved list, she or he must comply with the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Skipton have agreed my home loan in principle, my bid on a flat in Strood has been accepted, now what?
Your property agent will wish to know who your solicitors are (make sure the conveyancing practitioners are on the bank’s panel). Contact Skipton or the broker and finalise any appropriate forms. Skipton will appoint a valuer who will get in touch with the selling agent or vendor to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Skipton will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Strood.
A colleague suggested that if I am buying in Strood I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Strood conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Strood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Strood Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Strood Education with plans and statistics, Local Amenities and other useful data about Strood.
How easy is it to use the search tool to locate a conveyancing lawyer in Strood on the panel for my bank?
First pick a bank such as National Westminster Bank, Barnsley Building Society or Alliance & Leicester then choose your preferred area for instance Strood. Conveyancing organisations in Strood and across England and Wales should be listed.