I can't travel far from Bishops Stortford. I would like to know the understand why all Bishops Stortford property lawyers aren't included on all mortgage company panels?
Even though it may seem unfair for banks to limit who can act for them, from the public’s or conveyancer’s standpoint, the flip side is that lenders are becoming ever more anxious and feel it vital to protect them from illegal activities. As a consequence of this concern lenders have reduced their conveyancing panel to a manageable size.
We are nearing an exchange on a house in Bishops Stortford and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The property lawyer is legally required to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I have been referred to a conveyancing solicitor in Bishops Stortford. I need to find out whether they are accepted on the Chelsea Building Society approved list of lawyers. Could you assist?
You should call the lawyer and ask them whether they are on the lender panel. Alternatively you can call Chelsea Building Society who may be able to confirm.
The deeds to my house are lost. The solicitors who did the conveyancing in Bishops Stortford 5 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to hold title official documentation to evidence that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Bishops Stortford with a loan from National Westminster Bank. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not to tell my conveyancer about this deal as it would impact 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.
In my capacity as executor for the estate of my grandfather I am disposing of a residence in Newport but reside in Bishops Stortford. My conveyancer (approximately 250 kilometers from mehas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Bishops Stortford who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Bishops Stortford based