For our lender, we have chosen Coventry Building Society, what do we need to be aware of?
When arranging a mortgage, legal work must be undertaken in relation to the mortgage. A small number of lenders have reduced the number of firms on their approved panel, potentially creating increased legal costs for home buyers. We can act for most mortgage lenders to ensure that you will not need to pay an additional fee for your lender's solicitor.
Should I list my property with more than one estate agent?
The choice is entirely up to you and your specific circumstances. Going with a sole agent is probably the cheapest option (although the reach to buyers is dependent on how many clients are on their books), while multiple agents will be more expensive (but will reach a broader client base).
If you’re looking for a quick sale or the market is rather sluggish, it makes sense to put your property on with a number of agents. If the market is buoyant, it makes more sense to place the property with a sole agent.
Whichever you choose, you should always check the terms and conditions so that you know what service you’re getting for your money and how much it will cost you once the home is sold. You should also understand if there are penalties should you decide to place the property with more or fewer agents later on during the agreement period.
Following recent news about the extensive flooding in Sept 2012 in the East Midlands we are wondering whether conveyancing searches may not be exacting enough?
A thorough Branston solicitor will recommend that you include in depth flood searches if the standard conveyancing searches spots a the local Branston flood risk
You may be able to also speak to a local resident for further assurance.
Is a drainage search a disbursement or fee?
It is not always obvious whether a cost is a fee or a disbursement. This charge, for example, is a disbursement not a fee, and is passed on at cost.
Which of the mortgage lender panels in Branston are your solicitors on?
Of lenders with local offices near Branston, Homeward Legal closely with many. Local mortgage lenders and brokers include JLM Mortgage Services, 120 Falmouth Rd, Alvaston, Derby, DE24 0LY, Silver Moon Ltd, Marlborough Centre/Marlborough Sq, Coalville, LE67 3WD, and Independent Mortgage Associates, The Mortgage House/253 Markfield Lane, Markfield, LE67 9PR.
What causes conveyancing legal work to take so long?
The conveyancing process may suffer setbacks. We seek to reduce their consequences by, for example, ordering searches as early as possible.
How does my conveyancer in Branston report on the potential risk of floods in Branston for a Fifties property we are purchasing?
A lawyer applies for conveyancing searches that will include Branston flood risk area information. A significantly more flood risk search (e.g. Landmark) will typically be advised by your Branston property lawyer, if in the event that the environmental search highlight a risk of flooding.