My IFA has asked me for my Castle Vale lawyer’ panel reference for the HSBC conveyancing panel. How do I obtain this. I have contacted my local Castle Vale branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Castle Vale conveyancer . Most Castle Vale law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
Having sold my house in Castle Vale last December yet the purchaser is SMS messaging every few hours to moan that his conveyancer is waiting to hear from mysolicitor. What should have happened following completion?
Post completion of your house sale your lawyer should deliver the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer should also send confirmation that the mortgage has been redeemed to the purchasers lawyers. There are no post completion requirements peculiar conveyancing in Castle Vale.
There is lots of here regarding conveyancing in Castle Vale but what is your top tip for choosing the right conveyancer in Castle Vale
Do not opt for the cheapest Castle Vale conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
What is the difference between a licensed conveyancer and conveyancing solicitor in Castle Vale
Two types of professional can perform conveyancing in Castle Vale namely licenced conveyancers or solicitors. The two can administer conveyancing services that you need to complete the sale or acquisition of property. They are both duty bound to handle Castle Vale conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that the requisite steps should be suitably taken.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Castle Vale building society branch on numerous occasions and was told they are content with the situation and they will lend. My Castle Vale conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
2 months have elapsed since my purchase conveyancing in Castle Vale concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 residence 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'm buying my first flat in Castle Vale with a mortgage from Birmingham Midshires. The developers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not reveal to my solicitor about the deal as it will adversely affect my mortgage 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, chain free conveyancing. Castle Vale is the location of the property. Is there any advice you can give?
Flying freeholds in Castle Vale are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Castle Vale you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castle Vale may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.