Me and my fiance are buying residence in Flitwick. My Conveyancer is not on the mortgage company conveyancing panel. Can I still retain my Flitwick conveyancing solicitor notwithstanding that they are not on the lender approved list?
Your options include
- Proceed with your existing Flitwick lawyer but your bank will need to appoint a property lawyer on their conveyancing panel. The net result is additional charges and probable interruption.
- Get a fresh lawyer to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your lawyer to pull out all the stops to join the bank’s conveyancing panel
I own a freehold property in Flitwick but still charged rent, why is this and what is this?
It’s unusual for properties in Flitwick and has limited impact for conveyancing in Flitwick but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
My lawyer in Flitwick is not on the Godiva Mortgages Ltd Conveyancing Panel. Can I still continue with my family solicitor notwithstanding that they are excluded from the Godiva Mortgages Ltd panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your existing Flitwick lawyers but Godiva Mortgages Ltd will need to instruct a conveyancer on their list of acceptable firms. This will inevitably rack up the overall legal fees as well as cause frustration.
- Get an alternative practitioner to act in the conveyancing, not forgetting to check they are Godiva Mortgages Ltd approved.
- Try to convince your Godiva Mortgages Ltd solicitor to seek to join the Godiva Mortgages Ltd panel
I am buying my first flat in Flitwick with a loan from Godiva Mortgages Ltd. The developers refused to move on the price so I negotiated £7000 of extras instead. The estate agent advised me not to tell my lawyer about the extras as it may adversely affect my mortgage with Godiva Mortgages Ltd. 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.
As co-executor for the estate of my aunt I am selling a house in Monmouth but live in Flitwick. My solicitor (approximately 235 kilometers awayhas requested that I sign a statutory declaration prior to completion. Could you suggest a conveyancing practitioner in Flitwick who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Flitwick based
I am purchasing a flat and cash is in place. My solicitor has been handed with two distinct evidence of photographic identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Flitwick conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering laws.