I was notified today by my mortgage broker that my Huntingdon property lawyer is not on the bank Conveyancing panel. How can I check?
You need to call your Huntingdon conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may be able to suggest a Huntingdon conveyancing practice that is on the conveyancing panel for your mortgage company.
We're in Huntingdon, FTBs buying with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My father advised me that in purchasing a property in Huntingdon there may be a number of restrictions preventing external changes to the property. Is this right?
We are aware of a number of properties in Huntingdon which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Huntingdon should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Lloyds, do Huntingdon lawyers incur an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Does a directory service exist listing Co-operative panel solicitors in Huntingdon on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings viewable online. If you are in need of a Huntingdon lawyer on the Co-operative please use our tool.
I'm purchasing my first flat in Huntingdon benefiting from help to buy. The developers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not to tell my solicitor about this extras as it will put at risk my loan with the lender. Should I keep quiet?.
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.
Due to the encouragement of my in-laws I had a survey completed on a house in Huntingdon before appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend not grant a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Huntingdon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Huntingdon to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for residential conveyancing in Huntingdon. I happened to stumble across a site which looks to be the ideal offering If it is possible to get all the legals completed via email that would be ideal. Do I need to 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?