My conveyancer has uncovered a a legal deficiency with the lease for the flat we are buying in Astley. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must be satisfied that the mortgage company is willing to move forward with this solution. Who is the client here, us or the bank?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
We note that you have a search directory listing law firms on the Aldermore conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Astley?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Astley.
Does a directory service exist listing Virgin Money panel solicitors in Astley on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings visible on the web. If you are in need of a Astley conveyancing practitioner on the Virgin Money please make the most of our facility.
My wife and I are spending time viewing flats in Astley and I am about to put in an offer. Is it wise to have my lawyer on ‘stand by’? I intend to finance via a home loan with Nationwide.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are getting a mortgage with Nationwide, ask your prospective lawyers if they are on the Nationwide conveyancing panel otherwise they can't do the mortgage legal work.
After much negotiation I have agreed a price on an apartment in Astley. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. Shortly after, the lawyer contacted me to say that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require expedited conveyancing in Astley as I have an ultimatum to complete within 2 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are not getting a home loan you have the choice not to have searches carried out although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Astley the following are examples of issues that can arise and therefore impact market value: Enforcement Notices, Outstanding Charges, Overdue Grants, Railway Schemes,...
I'm purchasing a new build house in Astley with a loan from Godiva Mortgages Ltd. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The estate agent told me not to tell my conveyancer about the 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.
My brother has recommend that I appoint his conveyancing solicitors in Astley. Should I use them?
Much as we are happy to recommend a Astley conveyancing lawyer the ideal way to choose a conveyancing solicitor is to seek referrals from friends or family who have actually experience in using the firm that you are are thinking of instructing.