I have just been advised by my estate agent that my Castelnau lawyer is not on the mortgage company Solicitor panel. How can I be certain that this is indeed the case?
Your first step should be to contact your Castelnau conveyancer. You lawyer should inform you what has happened. Where they are not on the panel they may recommend you to a Castelnau conveyancing firm that is on the approved list of lawyers for your mortgage company.
Is there a search tool that I can utilise to find out if the solicitor conducting my conveyancing in Castelnau is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus spending £187.00 plus VAT in further legal bill.
Feel free to take advantage of the search tool on this site. Please choose the mortgage company and type ‘Castelnau’ or your location and you will be presented with numerous conveyancers offices in Castelnau or by proximity to you.
I am purchasing my first flat in Castelnau with a loan from Lloyds TSB Bank. The sellers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not to tell my lawyer about this extras as it would affect my mortgage with Lloyds TSB Bank. Do I keep my lawyer in the dark?.
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.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Castelnau I like with open areas and station nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Castelnau in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Hoping to buy a property located in Castelnau and I am already nervous. I couldn't find anything specific about Castelnau. Conveyancing will be needed in due course but do you know about the Castelnau area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Castelnau. In the meantime here are some basic statistics that we found
I am due to review estimates for conveyancing in Castelnau from various conveyancer and appoint one. Am I right to tell them to hold tight until I I have my bid accepted on a apartment.
We would recommend that you wait to request your lawyer to open a file and order searches after the sales confirmation has been issued by the selling agent especially as Castelnau conveyancing searches are a couple of hundred pounds.