I am hoping to receive a mortgage offer from Nat West. I would like to employ the services of a Licensed Conveyancer in Millbank. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our Millbank solicitor has identified an inconsistency between the surveyor’s assumptions in the home valuation survey and what is in the conveyancing documents. My solicitor says that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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.
We see that you have a search directory identifying law firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Millbank?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Millbank.
I'm in the process of viewing houses in Millbank and I am about to put in an offer. Is it wise to have my property lawyer on ‘stand by’? I am planning to take a mortgage with HSBC.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are getting a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I am selling my flat. I had a double glazing fitted in October 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Skipton are being difficult. The Millbank solicitor who is on the Skipton conveyancing panel is saying indemnity insurance will be fine but Skipton are insisting on a building regulation certificate. Why do Skipton have a conveyancing panel if they don't accept advice from them?
It is probably the case that Skipton have referred the matter to their valuer. The reason why Skipton may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Planning on purchasing a apartment in Millbank. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Millbank lawyer is on the Kent Reliance conveyancing panel.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a house in Millbank? or Apparently there is an ancient law that means some house owners living in a parish church boundary may be liable to contribute towards repairs to the chancel within the church. Is this suitable for conveyancing in Millbank?
Unless a prior purchase of the property completed post 12 October 2013 you may take it that conveyancing practitioners delivering conveyancing in Millbank to remain encouraging a chancel search and or chancel repair liability insurance.
I am buying my first flat in Millbank benefiting from help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not disclose to my lawyer about this extras as it will impact my mortgage with Barclays Direct. Do I keep my lawyer in the dark?.
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.