My husband and I are buying a newly constructed duplex in Geddington and my solicitor is advising me that she has to the bank to disclose incentives from the builder. I am on a tight deadline to exchange and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My lender has suggested solicitors on their panel based in Geddington but I would rather use a conveyancing lawyer in Geddington local to me. Can you assist?
Not all Geddington conveyancing firms are approved and listed on all lender’s conveyancing panel. Please make the most of the above find an approved solicitor tool to identify a Geddington conveyancing solicitor on the on the bank panel.
Forgive me if this question is silly but I am wet behind the ears as FTB of a garden flat in Geddington. Do I collect the keys to the premises on the completion date from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Geddington?
On the day of completion you will not be required to attend the conveyancers office in Geddington. Conveyancing lawyers for you will transfer the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you will be able to receive the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
When it comes to lenders such as Skipton, do Geddington property lawyers incur a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
We had chosen conveyancers located in Geddington on the Nationwide solicitor approved list. They are now charging me a supplemental amount for handling the Nationwide mortgage. Is this an additional conveyancing fee set by Nationwide?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancing practitioner may charge a fee for this. This charge is not set by Nationwide but by your Geddington conveyancer. Numerous firms on the Nationwide panel will levy an ‘acting for lender’ fee but some firms include it on their overall fee.
My wife and I have a semi-detached Edwardian property in Geddington. Conveyancing solicitor represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching address. Is it worth asking National Westminster Bank to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Geddington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing solicitor who carried out the work.
I decided to have a survey carried out on a property in Geddington in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders tend not issue a mortgage on such a house.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Geddington. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor in Geddington for my home move. Is there any facility to see a solicitor's record with the profession’s regulator?
Members of the public may see published Solicitor Regulator Association (SRA) determinations stemming from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training purposes.