Me and my partner are planning to purchase a 1 bedroom apartment in Abertillery with a mortgage. We like our Abertillery lawyer, but the lender advise he's not on their "panel". We have to appoint one of the bank panel solicitors or retain our Abertillery property lawyer as well as pay for one of their panel ones to represent them. We consider that this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Abertillery conveyancing lawyer to apply to be on the conveyancing panel.
Our conveyancer has identified a a problem with the lease for the property we are buying in Abertillery. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that he must check that the lender is happy with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
I have todaydiscovered that Stirling Law have closed. They carried out my conveyancing in Abertillery for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Abertillery conveyancing specialists.
I'm buying my first flat in Abertillery with a loan from Chelsea Building Society. The builders would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not reveal to my solicitor about this side-deal as it will adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
How difficult is it to switch firm as I have to instruct a firm on the TSB conveyancing panel. I was using a local conveyancing solicitor in Abertillery five minutes from me but the firm is not approved by TSB
It would be our pleasure to assist you find a conveyancing solicitor in Abertillery on the TSB panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Abertillery. In making use of search facility on this page, you can scrutinise charges for conveyancing solicitors in Abertillery and beyond.
My step-father has suggested that I use his lawyers for conveyancing in Abertillery. Should I use them?
Much as we are happy to recommend a Abertillery conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to have guidance from friends or family who have experience in using the solicitor you're contemplating using.