My husband and I are purchasing a brand new duplex in Childs Hill and my solicitor is informing me that she has to the lender to reveal incentives from the builder. I am on a tight deadline to exchange and I don't want to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We note that you have a post code search directory identifying solicitors on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Childs Hill?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Childs Hill.
Forgive me if this question is silly but I am new to the house moving as a 1st time buyer of a two bedroom flat in Childs Hill. Do I pick up the keys to the house on completion from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Childs Hill?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be invited to receive the keys from the Estate Agents and move into your new home. Usually this happens between 1 and 3pm.
Does a directory service exist listing Nottingham panel solicitors in Childs Hill on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association websites. A small selection of banks make their panel listings open the public on the web. Where you are seeking to appoint a Childs Hill conveyancing practitioner on the Nottingham please make the most of our facility.
I was told three weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in Childs Hill is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly identified during conveyancing in Childs Hill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Childs Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a property in Childs Hill in advance of appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders may refuse to give a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Childs Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to appoint a Childs Hill conveyancing solicitor who is local to the property I am purchasing? I have an old university friend who can execute the conveyancing however they are based a couple of hundredkilometers away.
The benefit of a high street Childs Hill conveyancing practice is that you can pop in to sign documents, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a plus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were happy that should trump using an unknown Childs Hill conveyancing solicitor solely due to them being Childs Hill based.