The Downton conveyancing firm handling our Downton conveyancing has identified a discrepancy when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My solicitor has advised that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We see that you have a search directory identifying firms on the Aldermore conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Downton?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Downton.
Me and my brother own a renovated Victorian house in Downton. Conveyancing lawyer represented me and The Royal Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Downton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing lawyer who conducted the purchase.
I am buying my first flat in Downton with the aid of help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not inform my lawyer about this extras as it will adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
I'm remortgaging my existing property to a buy to let mortgage with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on further house. The neighborhood we are interested in is Downton. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Make use of our search tool on this page to be sure that the solicitors are on the relevant lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and specify your desired outcome and needs.
I need to find a mortgage company panel solicitor in Downton. Can you assist?
It is not clear why you need a Downton panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Downton are on their panel . If you do find such a firm in Downton not listed please direct them to our site to list. After all the cost is only one £1 a month