My brother-in-law has suggested I instruct a conveyancing solicitor in Forest of Dean. I I am struggling to find out if they are on the Britannia approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should call the solicitor and ask them whether they can act for the bank. Otherwise you can get in touch with Britannia who may be able to help.
I am the only recipient of my late grandmother’s will with all property in now in my sole name, including the house in Forest of Dean. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the property. I do know about the CML six month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the house in September. Do I have to wait 6 months to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view banks take of it, depend on the mortgage company as this obligation is principally there to capture subsales or the wholesaling and assigning of property.
is it true that all Forest of Dean conveyancing solicitors on the Coventry BS conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
I had a mortgage agreed in principle with Principality. Forest of Dean conveyancing lawyers were instructed. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality conducted the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial estate in Forest of Dean?
Many commercial conveyancing solicitors in Forest of Dean will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Forest of Dean. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Forest of Dean.
For every commercial conveyancing transaction in Forest of Dean it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Forest of Dean commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Forest of Dean.
I'm purchasing a new build house in Forest of Dean benefiting from help to buy. The developers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not reveal to my solicitor about this deal as it could affect my mortgage with Norwich and Peterborough Building Society. 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.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Forest of Dean is where the house is located. Can you shed any light on this issue?
Flying freeholds in Forest of Dean are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Forest of Dean you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Forest of Dean 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.
I was pointed in your direction by a few estate agents in Forest of Dean to locate a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to promote your site over a competitor’s?
We don’t offer any commission for directing people in our direction. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.