My wife and I are planning to buy a 1 bedroom flat in Cranham with a mortgage. We would like to retain our Cranham lawyer, however the lender advise he's not on their "panel". It seems we have no choice but to use one of the bank panel solicitors or keep our Cranham solicitor and pay for one of their panel lawyers to act for them. This feels very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Cranham conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing solicitors via your comparison service handle conveyancing in Cranham by way of an attended exchange?
We do have a number of conveyancing experts carrying out one day exchanges. You should e-mail us to obtain a costs illustration and details as to availability.
My aunt passed away six months ago and as sole heir and executor I was left the property in Cranham. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this allowed?
Where you intend to refinance then Kent Reliance will insist on your using a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
I need some quick conveyancing in Cranham as I am faced with pressure to sign on the dotted line inside one month. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at free not to do searches although no solicitor would suggest that you don't. With plenty of history conveyancing in Cranham the following are examples of issues that can appear and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
The deeds to my home can not be found. The solicitors who handled the conveyancing in Cranham 5 years ago are no longer around. What are my next steps?
Assuming the title is registered the details of your ownership will be recorded by the Land Registry with a Title Number. It is possible to perform a search at the Land Registry, identify your house and secure current copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
I am buying a new build house in Cranham with a loan from Coventry Building Society. The sellers refused to move on the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my solicitor about the side-deal as it may jeopardize my loan with Coventry Building Society. Should I keep quiet?.
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.