Do all mortgage companies provide you with an approved list of Brockenhurst conveyancing solicitors? How do you know who is on the Lloyds conveyancing panel?
Brockenhurst conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
My wife and I are in the throws of looking at houses in Brockenhurst and I am now considering a potential offer. Is it too early to have a solicitor in place? I am planning to take a home loan with Bank of Ireland.
You should start requesting conveyancing estimates from solicitors ASAP. 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 details on to the EA. As you are taking out a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.
I can not work out if my bank requires a lease extension. I have called my Brockenhurst bank branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Brockenhurst conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend in accordance with their specific requirements. Who do I believe?
The solicitor must follow the CML Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I recently had an offer agreed on an apartment in Brockenhurst. My financial adviser pressured me to appoint their property lawyer. I paid an advanced payment of £200. A few days later, the lawyer called me sheepishly admitting that they were not on the Coventry BS 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 Coventry BS 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 have been told that property searches are the number one reason for hinderance in Brockenhurst house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Brockenhurst.
I'm buying my first flat in Brockenhurst benefiting from help to buy. The developers would not reduce the price so I negotiated £7000 of additionals instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it may impact my loan with the bank. Should I keep quiet?.
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.
Is it simple use your search facility to find a conveyancing lawyer in Brockenhurst on the approved list for my bank?
First pick a bank such as Nationwide Building Society, The Royal Bank of Scotland or Bank of Ireland then choose your preferred area for example Brockenhurst. Conveyancing organisations in Brockenhurst and beyond will then be shown.
I am a fortnight into a freehold purchase having been referred to conveyancers by the selling agent to execute conveyancing in Brockenhurst. I am am extremely frustrated with the level of service. Could you help me find new lawyers?
They would need to be really bad to suggest changing them. Has your mortgage been sent? If so you must make them aware of the replacement solicitor and ensure the loan are re-sent. The conveyancer should be on the mortgage company panel to avoid supplemental fees and complications. So that should be your first question of the new solicitors. The find a solicitor tool will help you find a bank approved solicitor for your home move in Brockenhurst