We are looking to buy a flat and need a conveyancing solicitor in Fenstanton who is on the Lloyds solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Fenstanton.
Are the BSA intent on creating a searchable register to to identify practices on the Coventry BS conveyancing panel for example in Fenstanton?
We would not expect to be advised of any plans on the part of the BSA to promote such a register.
I happen to be the single recipient of my late grandmother’s estate and I have everything in my name alone, including the my former home in Fenstanton. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in September. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How practical a view lenders take of it, depend on the bank as this provision is chiefly there to capture the purchase and immediately sell or the quick reselling of properties.
I can not fathom if my bank requires a lease extension. I have called into my local Fenstanton building society branch on a couple of occasions and was told it does not impact the mortgage offer and they will lend. My Fenstanton conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
About to purchase apartment in Fenstanton. 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 Santander 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 Fenstanton solicitor is on the Santander conveyancing panel.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in Fenstanton?
Unless a previous purchase of the premises completed after 12 October 2013 you can expect solicitors carrying out conveyancing in Fenstanton to continue to propose a a chancel search and or insurance against a claim.
I am purchasing my first flat in Fenstanton with a mortgage from Bank of Ireland. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my solicitor about this extras as it may put at risk my mortgage with the lender. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a quick, chain free conveyancing. Fenstanton is where the house is located. Can you offer any assistance?
Flying freeholds in Fenstanton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fenstanton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenstanton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.