My IFA requires my Bordon law firm’s panel member for the Santander conveyancing panel. How do I obtain this. I have called my local Bordon office but they have not responded to me.
You are best placed to get this information from your Bordon conveyancing practitioner . Most Bordon conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
My husband and I intend to remortgage our flat in Bordon with Leeds Building Society. We have a son approaching twenty who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two concerns (1) Is this document specific to the Leeds Building Society conveyancing panel as he never had to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Leeds Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leeds Building Society. This is solely used to protect Leeds Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leeds Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am purchasing a property in Bordon. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
Given that your lender is Nationwide your lawyer must check the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Nationwide. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and lawyers are required to report to Nationwide where a lease does not comply with these provisions. The requirements relate to the installation of panels on properties countrywide and is not limited to Bordon.
My wife and I are in the throws of viewing flats in Bordon and I am about to put in an offer. Should I already have a solicitor appointed at this stage? I am planning to take a mortgage with Nationwide.
It would be wise to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Bordon is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
We are purchasing a house and the conveyancer has mentioned Chancel Repair to which the house could be obligated to contribute to as it falls into the area of such a church. He has mentioned insurance. Is this strictly appropriate for conveyancing in Bordon
Unless a previous purchase of the premises completed post 12 October 2013 you could assume that conveyancing practitioners carrying out conveyancing in Bordon to remain encouraging a chancel search and or chancel repair liability insurance.
I have been recommended by numerous estate agents in Bordon to find a conveyancer on your site. Is there a financial incentive for Estate Agents to market your services ahead of a competitor’s?
We refuse to offer any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Do I have to attend the offices of the mortgage company conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Bordon so that I can attend their offices when needed.
Whereas this was necessary ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bordon.