I am obtaining a offer of a home loan from Lloyds. My intention is to enlist the help of a Licensed Conveyancer in Kew. Does the Lloyds Conveyancing panel exclude conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our Kew solicitor has uncovered an inconsistency when comparing the information in the home valuation report and what is revealed within the title deeds. My lawyer has advised that he must ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?
Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am purchasing a house and require a conveyancing solicitor in Kew who is on the Nottingham Building Society solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nottingham Building Society in certain locations such as Kew. We dont recommend any particular firm.
I am purchasing a house and the lawyer has mentioned Chancel Repair to which the property could be liable because it falls into the area of such a church. She has mentioned insurance. Is this strictly required for conveyancing in Kew
Unless a previous purchase of the premises took place after 12 October 2013 you could take it that conveyancing practitioners conducting conveyancing in Kew to remain recommending a chancel search and or chancel repair liability insurance.
I'm buying a new build house in Kew with a loan from Aldermore. The sellers would not move on the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my solicitor about the side-deal as it will adversely affect my loan with the lender. Should I keep quiet?.
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 have been recommended by numerous selling agents in Kew to select a solicitor on your site. What’s the financial advantage for Estate Agents to recommend your services rather than another?
We refuse to give any financial incentive for directing people our way. We found it would be just too difficult a fee because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.