I plan on buying an apartment in Montacute. My property lawyer has never been on on the lender conveyancing panel. Is it possible for me to use my Montacute conveyancing solicitor even though they are not on the lender panel?
One must instruct a lawyer to complete the formalities if you require a mortgage to buy your property. They will conduct all the appropriate investigations on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in place. One may select a Montacute solicitor of your choice. Nevertheless, where the solicitor appointed is not a member of the bank approved list additional charges will arise as separate legal representation will be need by the bank. Lender panel applications can be submitted, so where your conveyancer has not previously sought membership they should take the chance to apply.
We are planning to move house in January. Does my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Montacute. Conveyancing firm was found before I stumbled across this site.
On the day of completion you will need to pick up the house keys from the estate agent but this should only take place once the vendors conveyancers confirm to the agent that the monies to complete are in and the keys can be collected. After that you can advise the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal organisation but can help you choose a residential property solicitor in Montacute or a lawyer with expertise in conveyancing in Montacute.
I am purchasing a property in Montacute. A rare aspect is that the roof has a solar panel. Yorkshire BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Yorkshire BS your lawyer must follow the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Yorkshire BS where a lease does not meet these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Montacute.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Montacute property lawyer on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I am buying a property and the conveyancer has referenced Chancel Repair for which the house may be obligated to contribute to given it’s proximity to the area of such a church. He has suggested insurance. Is this really required for conveyancing in Montacute
Unless a prior acquisition of the premises took place after 12 October 2013 you can take it that solicitors handling conveyancing in Montacute to remain recommending a chancel search and or chancel repair liability insurance.
I am buying my first flat in Montacute with a loan from Coventry Building Society. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my conveyancer about this extras as it would affect my loan with the lender. 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.
Due to the advice of my in-laws I had a survey completed on a house in Montacute ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will refuse to grant a loan on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Montacute. Conveyancing will be smoother if you use a solicitor in Montacute especially if they are acquainted with such properties in Montacute.
What does commercial conveyancing in Montacute cover?
Commercial conveyancing in Montacute covers a wide range of guidance, offered by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.