We are buying a new build flat in Eastney and Southsea and my solicitor is informing me that she is duty bound to the lender to disclose incentives from the builder. The Estate Agents are hassling me to sign contracts and I have no desire to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My lawyer in Eastney and Southsea is not on the HSBC Bank Approved Panel. Is it possible for me to retain my family solicitor even though they are not on the HSBC Bank panel of approved conveyancing solicitors?
The limited options available to you here include:
- Complete the purchase with your existing Eastney and Southsea solicitors but HSBC Bank will need to retain a solicitor on their list of acceptable firms. This will result in additional overall conveyancing fees as well as result in delays.
- Get a new solicitor to to deal with the purchase, obviously checking they are on the HSBC Bank panel
My bid for a property was accepted at auction in Eastney and Southsea. Conveyancing is necessary. What are my next steps?
Having exchanged you must appoint a conveyancing lawyer as a matter of urgency as you are facing a pending a drop dead date to complete the purchase. An auction property will have a bespoke legal pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You should pass this on to the lawyer working for you ASAP. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
Is it correct that all Eastney and Southsea CQS (Conveyancing Quality Scheme) solicitors are on the TSB conveyancing list of approved solicitors?
Some major banks and building societies now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
About to purchase flat in Eastney and Southsea. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Eastney and Southsea lawyer is on the Bank of Ireland conveyancing panel.
I require expedited conveyancing in Eastney and Southsea as I have an ultimatum to exchange contracts inside one month. Luckily I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not taking a mortgage you are at liberty not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Eastney and Southsea the following are instances of what can show up and therefore impact the marketability of the property: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
I used Wolstenholmes several years past for my conveyancing in Eastney and Southsea. Now, I need my files however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Eastney and Southsea of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in Eastney and Southsea. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Eastney and Southsea
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.