My wife and I are buying a 2 bedroom apartment in Colsterworth with a mortgage. We have a Colsterworth lawyer, but the bank says he's not on their "panel". It seems we have no option but to instruct one of the lender panel firms or retain our Colsterworth lawyer and pay for one of their panel lawyers to represent them. This feels very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Colsterworth conveyancing lawyer to apply to be on the conveyancing panel.
Are the Colsterworth conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Colsterworth conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
My wife and I are selling our property in Colsterworth and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Colsterworth lawyer would know that there is no such problem. It does beg the question why the buyers instructed an online conveyancing outfit rather than a conveyancing solicitor in Colsterworth. We have lived in Colsterworth for many years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I'm buying a new build house in Colsterworth with a loan from Yorkshire Building Society. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The estate agent advised me not to tell my conveyancer about the extras as it may affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Colsterworth. I've discover a site which looks to be the ideal offering If there is a chance to get all this stuff completed via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
On the hunt for a conveyancing solicitor in Colsterworth. I thought I had one sorted but he's not on the approved list of Kent Reliance. It seems that nowadays most banks only allow property lawyers on their panel. Extremely frustrating limiting the choice for the paying public. Is it possible for you to suggest a trustworthy Colsterworth conveyancer that will help us as well as represent Kent Reliance?
LenderPanel.com is restricted to being a directory service for solicitors who wish to be listed as being on the approved conveyancing panel for Kent Reliance in certain locations for instance Colsterworth . Our intention is not to recommend any particular conveyancer.