I am expecting a mortgage offer from Halifax. I hope to use a Licensed Conveyancer in Merton Park. Does the Halifax Conveyancing panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What does my ID and proof of funds have anything to do with my conveyancing in Merton Park? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign should stipulate this. Your lender will also require certain documents to be checked. If you refuse to provide ID verification documents, your solicitor would not be able to accept instructions from you.
I'm purchasing a new build house in Merton Park with a mortgage from Britannia. The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not disclose to my lawyer about the extras as it would put at risk my loan with the bank. 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've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Merton Park is the location of the property. Can you offer any opinion?
Flying freeholds in Merton Park are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Merton Park you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Merton Park may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been advised by numerous property agents in Merton Park to find a conveyancer on your site. Is there a financial inducement for Estate Agents to promote your services over a competitor’s?
We don’t offer any commission for sending work in our direction. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
At long last our conveyancing in Merton Park is completing this Friday, yet the vendors I am buying off wants to vacate on the Saturday PM. Should I agree to such a idea?
You can't complete on a Saturday because the bank systems aren't operational.