It has come to my attention via my mortgage broker that my Grove Park solicitor is not on the mortgage company Conveyancing panel. How can I be sure whether this is correct?
The first thing you need to do is to call your Grove Park conveyancer. You lawyer should notify you what has happened. Where they are not on the panel they may recommend you to a Grove Park conveyancing firm that is on the conveyancing panel for your lender.
What does my ID and proof of funds have anything to do with my conveyancing in Grove Park? Is this really necessary?
To satisfy the Money Laundering Regulations any Grove Park conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.
Under Money Laundering Regulations, conveyancers are required to investigate not only the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Grove Park. The Grove Park property was put into my name in November. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship could be considered the same way as if I'd bought the property in November. Is the property unsalable for six months?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How sensible a view mortgage companies take of it, depend on the lender as this requirement is primarily there to capture subsales or the wholesaling and assigning of properties.
Is there a list of Virgin Money panel conveyancers in Grove Park on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings visible on the web. Where you are looking for a Grove Park property lawyer on the Virgin Money please make the most of our tool.
I am selling my house. I had a double glazing fitted in February 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Bank of Ireland are being difficult. The Grove Park solicitor who is on the Bank of Ireland conveyancing panel is saying indemnity insurance will be fine but Bank of Ireland are insisting on a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I'm purchasing my first flat in Grove Park with a loan from Nottingham Building Society. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not to tell my solicitor about the deal as it would impact my mortgage with Nottingham Building Society. Is this normal?.
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.
How straightforward is it to use the search facility to locate a conveyancing solicitor in Grove Park on the panel for my lender?
1st select a bank such as Halifax, Bank of Scotland or Nottingham Building Society then choose your location e.g. Grove Park. Conveyancing practices in Grove Park and across England and Wales should be identified.
I need to retain a conveyancing solicitor for purchase conveyancing in Grove Park. I have discover a site which seems to have the ideal answer If there is a chance to get all this stuff completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?