Me and my partner are about to exchange on the purchase of a property in Endon but as a consequence of damage from a small fire at the property I have managed to agree reparation from the owner of three thousand pounds by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement yet Leeds Building Society are not allowing this. Should they have been involved?
Any conveyancer being on a Leeds Building Society approved list is duty bound to advise Leeds Building Society of any changes to the sale price. If you were to refuse your property lawyer to report the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Endon.
My lender has recommended a law firm on their panel based in Endon but I would rather instruct a conveyancing lawyer in Endon or nearer to where I live. Are you able to assist?
The minority of Endon conveyancing practices are listed all lender’s conveyancing panel. Use the above search tool to find a Endon conveyancing conveyancer on the on the mortgage company panel.
It has been 2 months following my purchase conveyancing in Endon concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Endon with a mortgage from Barnsley Building Society. The builders would not reduce the amount so I negotiated 6k of extras instead. The sale representative suggested that I not reveal to my solicitor about this deal as it could affect my loan with the bank. 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.
Taking into account that I am about to part with hundreds of thousands of pounds on a house in Endon I wish to talk to a solicitor concerning thetransaction ahead of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your conveyancing in Endon.There is no ‘factory style conveyancing’ - every client is an important individual, not a file reference. The solicitors that we put you in touch with believe that the figure you are quoted for residential conveyancing in Endon should be the amount on the final invoice that you are charged.
My fiance and I have recently had an offer agreed on a house and had an appointment on Friday with Nationwide for the mortgage. They advised us that when it comes to selecting a solicitor that unless they are on their approved panel of lawyers then we will be subject to an a further charge of £200. This is because they will then have to select a solicitor to act on their behalf in addition to the one we appoint for ourselves and we assume responsibility for their costs. I have requested Nationwide to supply me with a list so I can obtain estimates only from their approved lawyers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a list online?
Ask Nationwide what their panel criteria is for a solicitor.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on loans for Nationwide in the past. If the answer to those is yes, then just double check with Nationwide. Alternatively please use our search facility and we should be able to identify a property lawyer in Endon on the panel for Nationwide.