We wanted to use a property lawyer in Lifton for our house purchase. Our broker has since advised us that our mortgage lenders Bank of Scotland won't deal with them. Surely this is unfair competition?
A decade ago most mortgage companies had an appetite for risk which was higher than today. Almost all Lifton conveyancing firms would have been on many mortgage company panels. The Financial Services Authority in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms regarding their operations and their employees and set certain criteria such a completing on a minimum number of conveyancing. Many Lifton conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Lifton is one of the many locations where the lawyers showing on our search results are on the panel for Bank of Scotland.
I need some expedited conveyancing in Lifton as I am under a deadline to complete in less than 3 weeks. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to have searches carried out although no lawyer would suggest that you don't. With plenty of history conveyancing in Lifton the following are examples of what can arise and adversely affect future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
I own a terraced Victorian property in Lifton. Conveyancing solicitor represented me and Nationwide Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Nationwide Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lifton and other areas of 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 purchasers. You can also enquire as to the situation with the conveyancing solicitor who conducted the conveyancing.
I'm buying my first flat in Lifton with a loan from Bank of Scotland. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my lawyer about the side-deal as it would impact my loan with Bank of Scotland. 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 UK Finance website. UK Finance 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.
I'm refinancing my primary home to a buy to let loan with The Mortgage Works and intend to use the remaining equity as a deposit on further house. The area we are looking at is Lifton. Will your solicitors be able to act for the two banks and tie in the conveyances?
Do use our search tool on this site to be sure that the lawyers are approved by both mortgage companies. On the basis that they are your conveyancer should be able to tie up the two transactions but you should talk with you lawyer and specify your desired outcome and needs.
I am in need of some leasehold conveyancing in Lifton. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Lifton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Lifton Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
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Best to be warned whether changing the roof or some other significant cost is coming up that will be shared between the leaseholders and will materially increase the the service charges or require a specific payment. Does the lease include onerous restrictions? Make sure you discover if there are any onerous restrictions in the lease. By way of example it is reasonably common in Lifton leases that pets are not permitted in certain buildings in Lifton. If you like the apartmentin Lifton yet your dog is not allowed to make the move with you then you will be faced hard choice.