We see that you have a search directory listing firms on the Clydesdale conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Ascot?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ascot.
My Solicitor in Ascot is not on the Nationwide Building Society Solicitor Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Nationwide Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Ascot solicitors but Nationwide Building Society will need to instruct a solicitor on their list of acceptable firms. This will result in additional total legal charges and cause delays.
- Get an alternative practitioner to to deal with the purchase, remembering to check they are Nationwide Building Society approved.
- Try to convince your Nationwide Building Society based solicitor to seek to join the Nationwide Building Society panel
When it comes to mortgage companies such as Nationwide, do Ascot conveyancers have to pay a yearly amount to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Can I be sure that the Ascot conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Ascot seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer handling your transaction.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Ascot building society branch on numerous occasions and was informed it wasn't an issue and they would lend. My Ascot conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
As long as the lawyer is on the lender approved list, she or he must comply with the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
three months have elapsed following my purchase conveyancing in Ascot completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Ascot with a loan from Alliance & Leicester . The developers refused to move on the price so I negotiated £7000 of additionals instead. The estate agent advised me not disclose to my solicitor about this side-deal as it would jeopardize my mortgage with the lender. 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've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Ascot is the location of the property. Can you offer any advice?
Flying freeholds in Ascot are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ascot you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ascot 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 residence.