My partner and I are purchasing a new build duplex in Kingstanding and my solicitor is telling me that she has to the lender to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and I don't want to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. 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.
The Kingstanding conveyancing solicitors that I appointed last week on my house acquisition in Kingstanding have suddenly shut down. They were on acting for me because I had to have a firm on the Clydesdale conveyancing panel and my preferred Kingstanding lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
I have recentlybecome aware that Wolstenholmes have closed. They conducted my conveyancing in Kingstanding for a purchase of a freehold house 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Kingstanding conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a property in Kingstanding ahead of appointing conveyancers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks tend refuse to grant a mortgage on such a premises.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kingstanding. Conveyancing will be smoother if you use a solicitor in Kingstanding especially if they are familiar with such properties in Kingstanding.
I'm remortgaging my primary property to a BTL loan with Alliance & Leicester and intend to use the remaining equity as a down payment on further property. The area we are looking at is Kingstanding. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our comparison tool on this site to check that the conveyancers are on the relevant lender panels. Assuming that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and make clear your expectations and requirements.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Kingstanding. I have stumble across a site which appears to be the perfect solution If it is possible to get all formalities completed via email that would be preferable. Should I be wary? What are the potential pitfalls?
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?