My IFA has requested my Clevedon lawyer’ panel member for the Santander conveyancing panel. Can you suggest how I find this out. I have tried my local Clevedon office but they have not responded to me.
Have you tried calling your Clevedon solicitor about this?. They maintain a central record lender panel numbers.
Do I have to visit the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Clevedon so that I can pop in to their offices if necessary.
These days conveyancing panel lawyers for lenders carry out all of the work through the post, e-mail or over the phone. This means that they can undertake the legal work for your home move regardless of where you live in the country. That being said you can check if you have the option of going to the offices of your conveyancing lawyer if needed.
My wife and I are buying a house in Clevedon. I might seem paranoid but how we can trust a lawyer? At some point we have to send money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am currently in the process of buying my council flat in Clevedon. I have a mortgage offer with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I can not fathom if my mortgage offer requires a lease extension. I have called my Clevedon building society branch on various occasions and was advised it wasn't an issue and they will lend. My Clevedon conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. I simply don't know who is right.
As long as the conveyancing practitioner is on the mortgage company panel, they must comply with the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender 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 remaining.
I'm buying a new build house in Clevedon with a loan from Alliance & Leicester . The sellers would not move on the amount so I negotiated 6k of additionals instead. The estate agent advised me not inform my solicitor about this deal as it would put at risk my mortgage with the lender. 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.
Taking into account that I am about to part with over three hundred thousand on a two bedroom apartment in Clevedon I wish to have a conversation with the conveyancer regarding thetransaction before appointing the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your conveyancing in Clevedon.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The solicitors that we put you in touch with believe that the fees you are quoted for your conveyancing in Clevedon should be the amount on the final invoice that you are charged.
I dont have enough spare money to pay a 10% deposit on my house purchase in Clevedon , but I am keen exchange. What can I do?
You can agree a lesser deposit. Most vendors will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment