My mortgage broker says he needs my Knottingley law firm’s panel member for the HSBC conveyancing panel. Can you suggest how I find this out. I have contacted my local Knottingley office but they have not got back to me yet.
Have you tried contacting your Knottingley conveyancer about this?. They retain a central record lender panel numbers.
I own a freehold house in Knottingley yet charged rent, why is this and what is this?
It is rare for properties in Knottingley and has limited impact for conveyancing in Knottingley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
When it comes to mortgage companies such as UBS, do Knottingley property lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I am expecting a DIP from RBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Knottingley solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Knottingley solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I was told four weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in Knottingley is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
Me and my brother have a terraced Georgian house in Knottingley. Conveyancing practitioner represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same property. Is it worth asking National Westminster Bank to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Knottingley and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing lawyer who conducted the work.
I am buying my first flat in Knottingley with a mortgage from Platform Home Loans Ltd. The builders would not reduce the price so I negotiated £7000 of additionals instead. The estate agent told me not disclose to my lawyer about this extras as it may 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.
Can you confirm the scope of conveyancing offered by Knottingley conveyancing solicitors?
The majority of Knottingley conveyancing practices tend to handle a number of services to domestic and agricultural land owners, sellers, first time buyers, freeholders and tenants assistingwith some of the following:
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Standard residential sale conveyancing in Knottingley or across the country
House purchase conveyancing in Knottingley and nationwide
Staircasing (purchasing additional shares in your home) Buying and selling via auction Key worker schemes Leasehold Enfranchisement - both lease extensions and purchasing the freehold