Unfortunately I am unable to travel far from Chipstead. Can you please explain the reason why all Chipstead conveyancers aren't automatically on all lender panels?
A decade ago most mortgage companies demonstrated an attitude to risk which differs from the current day. The financial regulator in 2010 conducted a thematic review into mortgage fraud which concluded: know the property lawyers on your panel. Consequently, mortgage companies have subsequently soughtmore data from law firms about their processes and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Many firms have been excluded from lender panels even though they had 100% healthy track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the minimum amount of transactions the lenders set.
Are the Chipstead conveyancing solicitors identified as being on the RBS conveyancing panel, together with their details provided by RBS?
Chipstead conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
We wanted to use a conveyancing solicitor in Chipstead for our house move. Our financial adviser has since notified us that our mortgage lenders Skipton Building Society won't deal with them. Surely this is unduly restrictive?
A lender can direct that an approved conveyancer act for it. Borrowers are expected to meet the charges for this. Please make use of our tool to choose a solicitor to carry conveyancing in Chipstead on the Skipton Building Society conveyancing panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Chipstead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Chipstead. 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…’
I'm purchasing my first flat in Chipstead with a loan from Clydesdale. The builders refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not reveal to my solicitor about the extras as it will put at risk my loan with the bank. Should I keep quiet?.
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.
Am I best advised to go with a Chipstead conveyancing lawyer who is local to the property I am hoping to buy? An old friend can execute the legal work however his firm is located over three hundred kilometers drive away.
The benefit of a high street Chipstead conveyancing practice is that you can visit the firm to execute documents, present your identification documents and pester them if necessary. Having local Chipstead know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were impressed that must outweigh using an unfamiliar Chipstead conveyancing lawyer solely due to them being local.