I am getting a mortgage offer from Halifax. I intend to retain the legal services of a Licensed Conveyancer in Mumbles. Does the Halifax Solicitor panel include conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We are acquiring a newly built duplex in Mumbles and my lawyer is advising me that she is duty bound to the mortgage company to reveal incentives from the builder. I am on a tight deadline to exchange and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the BSA intent on creating a search tool with a view to list practices on the Darlington Building Society conveyancing panel for example in Mumbles?
We have not been informed any intention on the part of the BSA to develop such a tool.
I need some fast conveyancing in Mumbles as I have an ultimatum to exchange contracts in less than 3 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Mumbles the following are instances of what can appear and therefore impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
I'm buying my first flat in Mumbles with a mortgage from Birmingham Midshires. The sellers refused to budge the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my conveyancer about the deal as it may jeopardize my loan with Birmingham Midshires. Should I keep quiet?.
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.
How straightforward is it to use your search tool to find a conveyancing solicitor in Mumbles on the approved list for my lender?
1st pick a lender such as National Westminster Bank, Norwich and Peterborough Building Society or Clydesdale then specify your location a common one being Mumbles. Conveyancing practices in Mumbles and further afield will then be identified.