Me and my husband are buying property in Gaydon. My Solicitor is not listed on the lender approved panel. Can I still retain my Gaydon conveyancing solicitor even though they are not on the mortgage company approved list?
You have numerous choices available to you here
- Proceed with your preferred Gaydon solicitor but your mortgage company will no doubt retain a lawyer on their conveyancing panel. This will result in additional fees and likely delay.
- Choose a fresh conveyancing practitioner to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Appeal to your lawyer to seek to join the mortgage company panel
I am purchasing a semi-detached house in Gaydon. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Gaydon you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Gaydon.
When it comes to mortgage companies such as Clydesdale, do Gaydon lawyers incur a fee to be on the list of approved solicitors?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Intending to buy a maisonette in Gaydon. 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 Aldermore 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 Gaydon property lawyer is on the Aldermore conveyancing panel.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Gaydon solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Gaydon postcode. As you are getting a mortgage with Leeds Building Society, you could contact them to see if they have a list of approved surveyors in Gaydon.
I am buying a new build house in Gaydon with a mortgage from National Westminster Bank. The builders refused to reduce the amount so I negotiated 6k of additionals instead. The estate agent suggested that I not disclose to my conveyancer about the deal as it could impact my mortgage with the bank. 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.
I am looking for a conveyancing practitioner in Gaydon for my home move. Is it possible to review a firm’s complaints history with the profession’s regulator?
Anyone can read documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
What are your top tips when it comes to appointing a Gaydon conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Gaydon conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Gaydon conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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What are the charges for lease extension conveyancing? How many lease extensions has the firm conducted in Gaydon in the last 12 months?
Gaydon Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
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Is anyone aware of any major works on the horizon that could increase the service costs? The majority of Gaydon leasehold properties will have a service charge for maintenance of the building set by the landlord. Where you acquire the property you will have to meet this amount, usually quarterly during the year. This can vary from a few hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all likelihood there will be a ground rent for you to pay annual, this is usually not a exorbitant figure, say about £25-£75 but you should to check as on occasion it can be many hundreds of pounds. If a Gaydon lease has no more than eighty years it will impact the marketability of the flat. Check with your bank that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Gaydonlease extensions you will need to own the property for 24 months before you are legally able to carry out a lease extension.