My IFA says he needs my Callerton law firm’s panel reference for the Santander conveyancing panel. What is the best way to obtain this. I have e-mailed my local Callerton office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Callerton conveyancing practitioner . They maintain a central record lender panel numbers.
Our grandson is in the process of securing a house that has just been built in Callerton with a mortgage from Virgin Money. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
When it comes to mortgage companies such as Barclays, do Callerton solicitors face a fee to be on the list of approved solicitors?
We are not aware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We had appointed conveyancers locally in Callerton on the Bank of Ireland solicitor panel. They have just invoiced me a supplemental charge for handling the Bank of Ireland mortgage. Is this a supplemental conveyancing fee specified by Bank of Ireland?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not dictated by Bank of Ireland but by your Callerton solicitor. Numerous firms on the Bank of Ireland panel will levy ’dealing with mortgage’ fee and others do not.
My wife and I are spending time viewing flats in Callerton and I am now considering a potential offer. Is it advisable to have my conveyancing practitioner on ‘stand by’? I intend to finance via a home loan with Aldermore.
It would be advisable to commence 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 pass their details on to the selling agent. As you are taking out a mortgage with Aldermore, ask your prospective lawyers if they are on the Aldermore conveyancing panel otherwise they can't do the mortgage legal work.
It has been three months since my purchase conveyancing in Callerton completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 property 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 am purchasing my first flat in Callerton with a loan from Barclays . The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not inform my conveyancer about the extras as it would jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
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.
As co-executor for the estate of my aunt I am disposing of a house in Newport but live in Callerton. My solicitor (who is 250 miles awayneeds me to execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Callerton who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Callerton