Me and my fiance are purchasing a 2 bedroom apartment in Alnmouth with a mortgage. We have a Alnmouth solicitor, however the mortgage company says she’s not on their "panel". We have to appoint one of the mortgage company panel solicitors or retain our Alnmouth lawyer and pay for one of their panel lawyers to represent them. This feels very unfair; are we not able to demand that the bank use our Alnmouth lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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. A further alternative is for your Alnmouth conveyancing solicitor to apply to be on the conveyancing panel.
Would the conveyancing solicitors identified via your ’find a lawyer’ tool carry out right to buy conveyancing in Alnmouth?
We work with a number of conveyancing experts carrying out right to buy conveyancing work Do call the lawyers listed with a view to obtain a costs calculation.
It is a dozen years since I bought my property in Alnmouth. Conveyancing solicitors have recently been instructed on the sale but I can't find my deeds. Will this jeopardise the sale?
Don’t worry too much. First the deeds may be with the mortgage company or they may stored with the lawyers who acted in your purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Alnmouth relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
My brother-in-law has suggested I instruct a conveyancing solicitor in Alnmouth. I need to find out if they are accepted on the Nottingham Building Society approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing you should do is e-mail your conveyancer and ask them if they can act for the lender. Alternatively please call Nottingham Building Society who may be able to confirm.
I'm purchasing a new build house in Alnmouth with a mortgage from Halifax. The builders would not move on the price so I negotiated £7000 of extras instead. The estate agent suggested that I not inform my solicitor about the extras as it could affect my loan with Halifax. 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.
I am selling my home. My previous solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Alnmouth if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Alnmouth. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.