We are hoping to acquire a 2 bedroom flat in Epworth with a mortgage. We would like to retain our Epworth conveyancer, however the lender says she’s not on their "panel". It appears that we have no choice but to use one of the bank panel conveyancing practices or keep our Epworth conveyancer and pay for one of their panel ones to represent 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 Epworth conveyancing lawyer to apply to be on the conveyancing panel.
We see that you have a search directory identifying solicitors on the Kent Reliance conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Epworth?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Epworth.
I have been referred to a conveyancing solicitor in Epworth. I I am struggling to find out if they are on the Aldermore conveyancing panel. Could you assist?
You should phone your conveyancer and ask them whether they are on the lender panel. Otherwise you should call Aldermore who may be able to assist.
I am purchasing a new build house in Epworth with a loan from Platform Home Loans Ltd. The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not reveal to my solicitor about the deal as it would impact my loan 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.
I am looking for a flat up to £235,500 and identified one close by in Epworth I like with open areas and railway links in the vicinity, however it only has 49 years on the lease. There is not much else in Epworth for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
Whilst your website is a good idea there are many lawyers listed near Epworth being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our bank?
We do not recommend specific Epworth firms as the right Epworth conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Epworth knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..