I am expecting a offer of a home loan from Lloyds. My intention is to instruct a Licensed Conveyancer in Longbenton. Does the Lloyds Solicitor panel allow for Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am mortgaging my house in Longbenton, does my lawyer need to be on the Kent Reliance Conveyancing panel?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I'm buying a new build house in Longbenton with the aid of help to buy. The sellers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not inform my conveyancer about the side-deal as it would adversely affect my mortgage with the lender. Should I keep quiet?.
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.
I opted to have a survey carried out on a house in Longbenton before appointing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some lenders may refuse to issue a mortgage on this type of property.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Longbenton. Conveyancing will be smoother if you use a solicitor in Longbenton especially if they are accustomed to such properties in Longbenton.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Longbenton and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial leaseholders, giving them the dueness to make a request to court for a new tenancy and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Longbenton is one of the numerous areas of the UK in which our lawyers have offices
My husband and I are novice buyers - had an offer accepted, yet the property agent has warned us that the vendor will only proceed if we instruct their recommended lawyers as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer used to conveyancing in Longbenton
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to instruct your preferred Longbenton conveyancing firm - as opposed tothose that will give their estate agent a referral fee or achieve conveyancing thresholds demanded by head office.