Am I correct in assuming that the fact that my conveyancer in Amble is not on my bank's conveyancing panel that there is a problem with the quality of her work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Amble conveyancing practice and enquire why they are no longer on the approved list for your bank.
We note that you have a search directory identifying firms on the Yorkshire BS conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Amble?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Amble.
Various web forums that I have frequented warn that are the primary reason for stalling in Amble house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Amble.
I'm purchasing a new build house in Amble benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not to tell my conveyancer about this side-deal as it may adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Amble is the location of the property. Can you offer any opinion?
Flying freeholds in Amble are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Amble you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Amble may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have read on a number of online forums that before selecting a conveyancing solicitors they must be approved by your lender. It happens to be my first home move but I have an offer in principle via Birmingham Midhshires and I already have a family conveyancing lawyer in Amble at the ready. Can Halifax require an approved lawyer to be used? If so, where can I find that list so I can appoint a conveyancing solicitor in Amble?
You should use a solicitor that is on the Halifax panel. Simply ring your preferred Amble conveyancing solicitor and ask if they are on the Halifax panel. If they are not on the panel you have a number of options available to you here:
- Carry on with your preferred Amble conveyancing practitioner but Halifax will no doubt appoint a lawyer from their conveyancing panel. This will result in additional cost and probable frustration.
- Get a new conveyancing practitioner to conduct the conveyancing, making sure they are on the Halifax conveyancing panel.
- Appeal to your solicitor to apply to join the bank panel.