We note that you have a post code search directory listing firms on the Santander conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Emsworth?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Emsworth.
we are a couple who intend to purchase a newbuild flat in Emsworth with a loan from TSB.We would like to retain our Emsworth conveyancing practitioner but TSB advised that he's not on their approved list of member firms. We have to appoint a TSB panel solicitor or keep our preferred solicitor and pay for a TSB panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan issued to you contains terms and conditions, one of which will be that conveyancers will be on the TSB conveyancing panel. in the past, most lenders had large numbers of solicitors 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for TSB
Me and my partner are purchasing a apartment in Emsworth. It might be a silly question but how we can trust a conveyancer? At some point we will need to put money into their account. What is the protection we have from them run away with our money?
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.
Is it the case that all Emsworth CQS (Conveyancing Quality Scheme) solicitors are on the Co-operative conveyancing list of approved solicitors?
It is true that some banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
I am buying a property in Emsworth. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with TSB your lawyer must follow the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to TSB where a lease fails to meet these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Emsworth.
I am buying my first flat in Emsworth benefiting from help to buy. The developers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my lawyer about this extras as it could jeopardize 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.
Hoping to buy a property located in Emsworth and I am already nervous. I couldn't find anything specific about Emsworth. Conveyancing will be needed in due course but do you know about the Emsworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Emsworth. In the meantime here are some basic statistics that we found
I've found a house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have just discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Emsworth. Conveyancing advisers have are about to be appointed. Will they explain the issues?
Most houses in Emsworth are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Emsworth so you should seriously consider shopping around for a Emsworth conveyancing practitioner and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your conveyancer will report to you on the legal implications.
Emsworth Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
-
Many Emsworth leasehold apartments will be liable to pay a service bill for the upkeep of the block set by the management company. If you buy the flat you will have to pay this charge, usually periodically during the year. This could vary from a couple of hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all probability there will be a ground rent to be met annual, ordinarily this is not a large amount, say about £25-£75 but you should to check it because occasionally it could be surprisingly expensive. The best form of lease structure is where the freehold reversion is owned by the leaseholders. In this arrangement the leaseholders enjoy control and although a managing agent is often retained if it is larger than a house conversion, the managing agent employed by the leaseholders. Who are the managing agents?