My husband and I are acquiring a brand new duplex in Lee and my lawyer is advising me that she is duty bound to the mortgage company to reveal incentives from the builder. The Estate Agents are hassling me to sign contracts and I would rather not prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What is the best way to discover of the solicitor carrying out my conveyancing in Lee is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £175.00 in another set of conveyancing costs.
Please do make the most of the search tool on this web page. Please choose the mortgage company and type ‘Lee’ or your location and you will discover numerous solicitors offices in Lee or nearest you.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Lee?
Two types of professional can do conveyancing in Lee namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that you need to complete the sale or purchase of property. They are both obliged to perform Lee conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that all necessary procedures should be accurately adhered to.
Is it correct that all Lee CQS (Conveyancing Quality Scheme) solicitors are on the Coventry BS conveyancing panel?
It is true that some lenders now utilise CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
When it comes to mortgage companies such as Santander, do Lee conveyancing practitioners have to pay a fee to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
A colleague advised me that if I am buying in Lee I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Lee conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Lee around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Lee Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Lee.
Due to the encouragement of my in-laws I had a survey completed on a house in Lee before instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks tend not issue a mortgage on this type of home.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to telephone us we can investigate further 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 Lee. Conveyancing will be smoother if you use a solicitor in Lee especially if they are accustomed to such properties in Lee.
Hoping to buy a property located in Lee and I am already nervous. I couldn't find anything specific about Lee. Conveyancing will be needed in due course but do you know about the Lee area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Lee. In the meantime here are some basic statistics that we found