It has come to my attention via my mortgage broker that my Kidderminster lawyer is not on the mortgage company Solicitor panel. How can I check?
You need to contact your Kidderminster conveyancer. You lawyer should notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Loughborough BS conveyancing panel for example in Kidderminster?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
Are there restrictive covenants that are commonly identified as part of conveyancing in Kidderminster?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Kidderminster. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Kidderminster with a loan from Barclays . The developers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not inform my solicitor about this deal as it may adversely 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.
Due to the guidance of my in-laws I had a survey completed on a house in Kidderminster in advance of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders may refuse to grant a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kidderminster. Conveyancing will be smoother if you use a solicitor in Kidderminster especially if they are familiar with such properties in Kidderminster.
Taking into account that I am about to spend £400,000 on a two bedroom apartment in Kidderminster I wish to have a conversation with the conveyancer about myhome move prior to giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you first talking to the solicitor due to be doing your conveyancing in Kidderminster.There is no ‘factory style conveyancing’ - each client is unique person, not a case reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Kidderminster should be the amount on the final invoice that you end up paying.