My husband and I are purchasing a new build flat in Chinnor and my solicitor is informing me that she is duty bound to the lender to disclose incentives from the developer. The Estate Agents are hassling me to exchange contracts and I don't want to prolong matters. Is my lawyer right?
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 conditions. The UK Finance Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather use a Chinnor based conveyancing firm?
You should check but the the probability is that allocate you one of their panel lawyers if you want the "fee-free" incentive. Contact the bank and explore if they offer you a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Chinnor.
I decided to have a survey carried out on a house in Chinnor before appointing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to issue a mortgage on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chinnor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chinnor to see if the conveyancing will be more expensive.
Am I right to be wary that brokers that I am dealing with are encouraging me to use a web based conveyancing firm rather than a High Street Chinnor conveyancing firm?
As is the case with many service providers, often suggestions from relatives can be extremely useful or valuable. Yet there are many players in a conveyancing deal; estate agents, financial adviser and lenders might all put forward solicitors to select. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but sometimes there is an underlying commercial relationship behind the endorsement. You are free to select your preferred lawyer. Don't forget that the majority of lenders specify a panel list of law firms you must use for the mortgage related work in your conveyancing.
In my capacity as executor for the will of my father I am selling a residence in Neath but reside in Chinnor. My conveyancer (approximately 260 miles from merequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Chinnor who can attest this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Chinnor
At long last our conveyancing in Chinnor completes on Friday, however the sellers I am buying from wishes to vacate the next day at PM. Should I agree to this?
You can't complete on a Saturday due to the bank systems aren't operational.