I was told recently by my estate agent that my Albany Park solicitor is not on the mortgage company Solicitor panel. What can I do to be certain that this is indeed the case?
The best course of action for you to take is to contact your Albany Park lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may be able to suggest a Albany Park conveyancing firm that is on the conveyancing panel for your lender.
What does a local search inform me concerning the house we're buying in Albany Park?
Albany Park conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays an important part in many a Albany Park conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
My wife and I own a 4 bedroom Edwardian house in Albany Park. Conveyancing lawyer acted for me and Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Albany Park and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing practitioner who carried out the work.
I'm buying my first flat in Albany Park benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about the extras as it will put at risk my mortgage with Bank of Scotland. Do I keep my lawyer in the dark?.
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.
Do I need to be concerned that 3rd parties that I am dealing with are encouraging me to use an internet conveyancing firm rather than a High Street Albany Park conveyancing practice?
As with lots of professional services, often input from family and friends can be worth their weight in gold. Yet there are many players in a conveyancing transaction; estate agents, financial adviser and lenders might all recommend solicitors to instruct. On occasion these conveyancers might be known to one of the organisations as being good in their field, but sometimes there might be a financial incentive behind the endorsement. You have the right to appoint your own lawyer. You need to be aware that the majority of banks specify a panel list of conveyancers you are obliged to use for the mortgage aspect of your house move.
We are 14 days into a freehold purchase having been directed to a firm by the estate agent to handle our conveyancing in Albany Park. I am am very frustrated with the quality of service. Can you you assist me in finding new conveyancers?
They would need to be really poor in order to consider diss instructing them. Has the loan offer been issued? In the event that it has you will need to make them aware of the new lawyer and have the mortgage documents are re-issued. Your new solicitor ideally needs to be on the mortgage company approved list to avoid added costs and frustration. So that should be your starting point. Our find a solicitor tool should help you find a bank approved conveyancer for your conveyancing in Albany Park