We note that you have a search directory identifying solicitors on the Santander conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Market Harborough?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Market Harborough.
I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to appoint a Market Harborough based conveyancing firm?
You should check but the the probability is that appoint one of their panel conveyancers if you accept the "fee-free" deal. Contact the bank to ask if they offer you a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Market Harborough.
The deeds to my property can not be found. The lawyers who did the conveyancing in Market Harborough 5 years ago are no longer around. What are my next steps?
These day there are copies made of almost everything, and your conveyancer should know exactly where to find all the appropriate paperwork so you can buy or sell your property without a hitch. Where duplicates are not available, your solicitor can put in place insurance or indemnities against future claims on your property.
I'm buying my first flat in Market Harborough with the aid of help to buy. The developers refused to reduce the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not disclose to my lawyer about this deal as it would adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Over the last few months I have been searching for a flat up to £305k and found one round the corner in Market Harborough I like with amenity areas and railway links nearby, however it only has 52 years on the lease. I can't really find anything else in Market Harborough in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Our conveyancer in Market Harborough has discovered a a legal deficiency with the lease for the flat we are buying in Market Harborough. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. A precondition to being on the bank approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.