My partner and I are purchasing a new build flat in Harbury and my conveyancer is advising me that she has to the bank to disclose incentives from the builder. The Estate Agents are hassling me to exchange and I would rather not delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am the only beneficiary of my late grandmother’s estate with all property in now in my sole name, including the house in Harbury. The Harbury property was put into my name in August. I plan to dispose of the property. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership could be regarded the same way as though I had purchased the property in August. Will no one buy the property for half a year?
The CML handbook obliges solicitors 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 affected by that. How sensible a view mortgage companies take of it, depend on the bank as this clause is chiefly there to pick up on subsales or the wholesaling and assigning of properties.
Two weeks ago we had a mortgage agreed in principle with Nottingham. Harbury conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from Nottingham?
There is no definitive answer here. Have Nottingham completed the survey? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer agreed on an apartment in Harbury. My mortgage broker pressured me to appoint their property lawyer. I paid an upfront payment of £225. A couple of days later, the conveyancer called me embarrassingly acknowledging that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I decided to have a survey completed on a house in Harbury ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will refuse to issue a loan on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Harbury. Conveyancing will be smoother if you use a solicitor in Harbury especially if they are acquainted with such properties in Harbury.
How do I use the search facility to find a conveyancing solicitor in Harbury on the authorised to act for my lender?
1st select a mortgage company such as Nationwide Building Society, Leeds Building Society or Platform Home Loans Ltd then choose your preferred area such as Harbury. Conveyancing practices in Harbury and further afield should be listed.
As co-executor for the estate of my aunt I am disposing of a residence in Newport but I am based in Harbury. My lawyer (based 235 kilometers awayrequires that I sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Harbury who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are located in Harbury
Do I have to pop into the offices of the lender conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Harbury so that I can attend their offices when needed.
Most conveyancing panel lawyers for the bank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Harbury. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.