The Frinton and Walton conveyancing firm handling our Frinton and Walton conveyancing has spotted a discrepancy when comparing the assumptions in the home valuation survey and what is in the legal papers for the property. My lawyer says that he is obliged to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I'm the only beneficiary of my late father’s will and I have everything in my name now, including the my former home in Frinton and Walton. The Frinton and Walton property was put into my name in April. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my property ownership could be considered the same way as though I had purchased the house in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. Some mortgage companies would take a practical view as this requirement is chiefly there to pick up on the purchase and immediately sell or the quick reselling of properties.
We are getting a further advance on our mortgage from Yorkshire BS as we wish to carry out improvements to our house in Frinton and Walton. Are we obliged to appoint a high street Frinton and Walton solicitor on the Yorkshire BS conveyancing panel to handle the legals?
Yorkshire BS do not ordinarily instruct a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS conveyancing panel.
I have decided to exercise my right to buy my property in Frinton and Walton off the council. I have a mortgage offer with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
I am purchasing my first flat in Frinton and Walton with a loan from Barclays Direct. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not inform my solicitor about the deal as it may adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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 decided to have a survey done on a property in Frinton and Walton prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks will refuse to grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Halifax. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Frinton and Walton. Conveyancing will be smoother if you use a solicitor in Frinton and Walton especially if they are acquainted with such properties in Frinton and Walton.
I am a couple of weeks into a leasehold purchase having been referred to a firm by the selling agent to execute conveyancing in Frinton and Walton. I am am starting to be disappointed with the level of service. Can you you assist me in finding new solicitors?
They would have to be really bad to suggest diss instructing them. Has the mortgage offer been issued? In the event that it has you need to inform them of the new contact details and have the loan are re-sent. The conveyancer needs to be on the mortgage company approved list to avoid added expenses and frustration. That should be your first question of the new conveyancers. The find a solicitor tool can assist you in finding a lender approved lawyer for your home move in Frinton and Walton
Are you able recommend a good conveyancer to do the acquisition of a maisonette in Frinton and Walton. We are hoping to purchase the flat for £240000 with a mortgage from UBS. We live in Frinton and Walton but dont require the solicitors to be based in Frinton and Walton.
The purpose of this site is limited to being a directory service for lawyers who wish to be listed as being on the approved conveyancing panel for UBS in certain locations for example Frinton and Walton . Our intention is not to recommend any particular lawyer.