My husband and I are buying a 1 bedroom flat in Melton Constable with a mortgage. We like our Melton Constable conveyancer, but the bank says he's not on their "panel". We have to appoint one of the lender panel solicitors or continue with our Melton Constable lawyer as well as pay for one of their panel ones to represent them. We consider that this is unjust; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Melton Constable conveyancing solicitor to apply to be on the conveyancing panel.
I have given 2 months notice to my existing landlord and have to be out of my rented property in Melton Constable by 16/7/2025. Conveyancing for my house purchase has just started. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to serve notice for your letting unless exchange of contracts has taken place. Assuming that you have not previously done so, update to your lawyer and request that they apply pressure on the sellers lawyers, try to an agreed time frame that everyone will aim towards
I have been told that property searches are the primary cause of stalling in Melton Constable conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Melton Constable.
I'm purchasing my first flat in Melton Constable with the aid of help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not reveal to my solicitor about the extras as it will affect my mortgage 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.
Due to the guidance of my in-laws I had a survey completed on a property in Melton Constable ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some banks tend refuse to give a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Melton Constable. Conveyancing will be smoother if you use a solicitor in Melton Constable especially if they regularly deal with such properties in Melton Constable.
In my capacity as executor for the estate of my uncle I am selling a house in Swansea but I am based in Melton Constable. My solicitor (based 200 miles from meneeds me to execute a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Melton Constable who can attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are located in Melton Constable