My property lawyer in Lea Bridge is not listed on the Yorkshire Building Society Approved Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the Yorkshire Building Society approved list?
Your options are as follows:
- Carry on with your existing Lea Bridge solicitors but Yorkshire Building Society will need to instruct a conveyancer on their panel. This will inevitably rack up the overall legal charges and result in delays.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are Convince your solicitor to use their best endeavours to join the Yorkshire Building Society conveyancing panel
I am currently in the process of buying my council flat in Lea Bridge. I have a mortgage offer with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
Completion of my purchase has taken place for my property in Lea Bridge. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
At last I have had an offer on an apartment in Lea Bridge agreed to, the vendors do nevertheless have an associated purchase. The owners have placed an offer on on an apartment, but it’s not been accepted yet, and have viewings of other apartments booked. I have instructed a nearby conveyancing solicitor in Lea Bridge. What should be my next step? At what point do I apply for the mortgage with Coventry BS?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, Lea Bridge conveyancing search charges, etc). First, you must ensure that your conveyancer is on the Coventry BS approved list. Regarding the next phase this very much depends on the specifics of your transaction, desire for this property and on the state of the market. In a buoyant market many buyers would apply for a home loan with Coventry BS and arrange for the valuation and only if it comes back ok would they pay their solicitor to press on with the conveyancing in Lea Bridge.
Various online forums that I have visited warn that are the number one cause of hinderance in Lea Bridge house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Lea Bridge.
I am purchasing a new build house in Lea Bridge benefiting from help to buy. The developers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not disclose to my lawyer about the extras as it could affect my mortgage with Platform Home Loans Ltd. Do I keep my lawyer in the dark?.
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.
How do I use the search tool to locate a conveyancing solicitor in Lea Bridge on the authorised to act for my lender?
Step one is to choose a mortgage company such as Halifax, Chelsea Building Society or Barclays Direct then specify your preferred area for example Lea Bridge. Conveyancing practices in Lea Bridge and further afield will then be shown.
Being a tenant I am liable for a service charge for my flat in Lea Bridge. Due to losing my job and other issues I fell behind with payments. I negotiated a payment schedule but there is still two currently outstanding.
I now wish to sell and I am panicking this will jeopardize the sale if I have to pay off the arrears in advance. Do I have to settle before - is this practicable?
It would be wise to clarify with the conveyancing practitioner carrying out your Lea Bridge conveyancing but it may be possible to arrange for the debt to be attributed to the purchasers. The sale price due would be adjusted to reflect the amount of debt they take on. They could then deal with the arrears after completion of the purchase.