Which mortgage lenders in Rutland do you work with?
Most lenders in Rutland are on our Rutland solicitors' panel. Lenders and mortgage specialists in Rutland include Kingsland Financial, 1 Quarry Pl, Shrewsbury, SY1 1JN, PMK Mortgage Solutions, 7 Sandiway, Shrewsbury, SY3 9BP, and Telford Mortgages Ltd, 8 Dalefield Dr, Admaston, Telford, TF5 0DP.
Our agent has referred the firm of solicitors that they have used before. Must I use this firm?
If you instruct a conveyancing solicitor through this route, you your agent may be able to use their influence to encourage a slow solicitor to work faster, however, such referrals should be compared against alternatives, such as local solicitors, or firms found online, as an agent may select the solicitor willing to pay the highest referral fee, not the best value for you.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
Should I accept an offer on my home if I haven’t found one to buy?
From your prospective buyer’s standpoint, they are not going to want to wait around for you to find somewhere to move to necessarily, meaning that they might drop out of the process to look for a property that is more readily available. However, you might want to have the discussion with your estate agent as to the best way to manage this as part of the process of putting your house on the market.
It’s not always going to be easy for everyone in the chain to have everything lined up from mortgage offers, sale price agreements, solicitors, surveys and so on. Therefore, you can be honest and tell your prospective buyer that, while you’re accepting the price, you haven’t completed your part in the chain; if they are unhappy with this, your other option is to consider a short-term rental or moving in with friends temporarily to protect the sale.
With our experienced solicitors at low, fixed-fee quotes with 'No Completion, No Fee' protection, Homeward Legal is in the best position to look after your conveyancing. Call us now on 0800 038 6699 to get started.
What factors will contaminate land in Rutland?
Rutland property may have been contaminated by many natural causes, such as proximity to waste sites. An environmental search will give more detail.
Is a Telegraphic Transfer fee paid to the solicitor?
A conveyancing quote will itemise disbursements and fees, clearly stating which is which. This cost is a fee not a disbursement. It should be included in a conveyancing quote.
Do you have good solicitors that have a lot of experience at auction conveyancing in Rutland?
Our property lawyers frequently work for bidders at auction. Our niche auction team of conveyancers have in the past acted for numerous successful bidders at local Rutland auctions that include Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.
Usually difficult to value buildings like development propositions, are purchased in property auctions which demand increased due diligence before completion. Prudent purchasers will get a suitable lawyer as early as possible for a full investigation of the auction legal pack in advance of the property auction date. Immediately following the day of bidding a prepared lawyer needs to be able to concentrate on conclude the conveyancing in under the 28 day time frame as required by the conditions of sale.