I am getting a offer of a home loan from Santander. I intend to employ the services of a Licensed Conveyancer in Haggerston. Does the Santander Solicitor panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Having sold my house in Haggerston last July yet the purchaser is telephoning me complaining that their lawyer needs to hear from mine. What should have happened following completion?
Post completion of your sale your conveyancer is committed to send the transfer deeds and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also evidence that the mortgage has been paid off to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Haggerston.
What happens if my solicitor is removed from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Haggerston?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My friend recommended that where I am buying in Haggerston I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Haggerston conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Haggerston around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Haggerston Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Haggerston.
I am purchasing my first flat in Haggerston with a mortgage from Godiva Mortgages Ltd. The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not disclose to my solicitor about this side-deal as it could affect my loan with the bank. 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.
I am one month into a freehold purchase having been directed to solicitors by the local agent to perform conveyancing in Haggerston. I am am starting to be dissatisfied with the quality of service. Could you help me find new conveyancers?
They would have to be really bad in order to consider diss instructing them. Has your mortgage been issued? In the event that it has you will need to inform them of the replacement conveyancer and ensure the offer are re-issued. Your solicitor ideally should be on the lenders approved list to avoid supplemental charges and frustration. That should be your first question of the new solicitors. The search tool will assist you in finding a bank approved lawyer for your home move in Haggerston