My partner and I are hoping to purchase a home in Chandlers Ford and are in fact using a Chandlers Ford conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Clydesdale have this morning contacted us to inform me that there is now an issue as our Chandlers Ford lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Chandlers Ford lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I purchased a freehold house in Chandlers Ford yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Chandlers Ford and has limited impact for conveyancing in Chandlers Ford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Our mortgage company has recommended a law firm on their panel based in Chandlers Ford but I would rather instruct a conveyancing lawyer in Chandlers Ford local to me. Are you able to help?
Not all Chandlers Ford conveyancing practices are on all banks conveyancing panel. Do make the most of the above find an approved solicitor tool to choose a Chandlers Ford conveyancing conveyancer on the on the bank panel.
We are purchasing a house and the solicitor has identified Chancel Repair for which the property may be liable as it falls into the area of such a church. He has mentioned insurance. Is this really required for conveyancing in Chandlers Ford
Unless a previous acquisition of the property completed post 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Chandlers Ford to remain encouraging a chancel search and or chancel repair liability insurance.
I am purchasing a new build house in Chandlers Ford with a mortgage from HSBC Bank. The builders would not move on the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not to tell my lawyer about the deal as it will affect my loan with HSBC Bank. Is this normal?.
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.
My husband and I are one month into a leasehold purchase having been directed to conveyancers by the high street agent to execute conveyancing in Chandlers Ford. We are not happy. Can you help me find new solicitors?
They would need to be very bad to suggest diss instructing them. Has the loan offer been generated? In the event that it has you must make them aware of the new solicitor and ensure the loan are re-issued. The conveyancer should be on the mortgage company approved list to avoid supplemental fees and complications. That should be your first question of the new lawyers. The find a solicitor tool should help you find a bank approved lawyer for your home move in Chandlers Ford