I am getting a offer of a home loan from Halifax. I intend to employ the services of a Licensed Conveyancer in Mayfield. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
My home in Mayfield is up for sale and I have accepted an offer. Will my property lawyer have to be on the Bank of Ireland conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Mayfield?
Many commercial conveyancing solicitors in Mayfield will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Mayfield. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Mayfield.
For every commercial conveyancing transaction in Mayfield it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Mayfield commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Mayfield.
I'm buying a new build house in Mayfield benefiting from help to buy. The sellers would not budge the amount so I negotiated 6k of extras instead. The property agent advised me not inform my lawyer about the extras as it would jeopardize my loan 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.
Should I appoint a Mayfield conveyancing lawyer based in the area that I am buying? We have a good friend who can deal with the legal work but they are based 200kilometers drive away.
The benefit of a local Mayfield conveyancing practice is that you can attend the office to execute documents, hand in your identification documents and pester them if necessary. They will also have local knowledge which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were impressed that must trump using an unfamiliar Mayfield conveyancing solicitor just because they are round the corner.
Our financial adviser has suggested using their conveyancer for the conveyancing in Mayfield - Is it not simpler better to just use them?
It is worth checking if the selling agent is recommending a solicitor or introducing to a solicitor. There are plenty of Mayfield estate agents who recommend two or three Mayfield conveyancing firms purely based on those lawyers offering a great service.