It has come to my attention via my mortgage adviser that my Littlehampton property lawyer is not on the mortgage company Conveyancing panel. How can I be sure whether this is correct?
The first thing you need to do is to call your Littlehampton lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
What does my ID and proof of funds have anything to do with my conveyancing in Littlehampton? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Littlehampton conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing where you live.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to check not only the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
We previously selected solicitors located in Littlehampton on the Aldermore solicitor panel. They are now charging me an additional amount for the legal aspects of the Aldermore mortgage. Is this an additional conveyancing fee set by Aldermore?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancer is entitled to charge a fee for this. The fee is not set by Aldermore but by your Littlehampton solicitor. Some firms on the Aldermore panel will charge ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
We have a mortgage agreed in principle with Nottingham. Littlehampton conveyancing solicitors were instructed. What is the average time that one could expect to receive a mortgage offer from Nottingham?
Some lenders take longer than others. Have Nottingham done the survey? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am purchasing a property in Littlehampton. One unusual aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Nottingham your lawyer must comply with the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Nottingham where a lease fails to meet these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Littlehampton.
I am purchasing a new build house in Littlehampton with a mortgage from Accord Mortgages Ltd. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not disclose to my lawyer about this deal as it will put at risk my loan with the bank. 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 easy is it to switch conveyancer as I have to appoint one who is on the Aldermore conveyancing panel. I hired a family conveyancing solicitor in Littlehampton five minutes from me but she is not approved by Aldermore
It would be our pleasure to assist you find a conveyancing solicitor in Littlehampton on the Aldermore panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Littlehampton. In utilising search facility on this page, you can compare fees for conveyancing solicitors in Littlehampton and beyond.
As co-executor for the will of my aunt I am disposing of a residence in Monmouth but reside in Littlehampton. My conveyancer (based 235 kilometers from meneeds me to sign a stat dec before completion. Could you suggest a conveyancing lawyer in Littlehampton to witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are based in Littlehampton