I am soon to complete on the purchase of a property in Nantwich but as a result of wreckage from a small fire at the property I have managed to agree reparation from the seller of three thousand pounds taking the form of a adjustment in the price. This was going to be addressed as part of a side agreement yet Virgin Money will not permit this. Should they have been approached?
The conveyancing practitioner that is on a Virgin Money approved list is obliged to advise Virgin Money of any changes to the purchase price. If you were to refuse your lawyer to notify the reduction to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new solicitor for your conveyancing in Nantwich.
My Solicitor in Nantwich is not listed on the Barclays Conveyancing Panel. Can I still use my family solicitor even though they are excluded from the Barclays approved list?
Your options are as follows:
- Complete the purchase with your preferred Nantwich solicitors but Barclays will need to instruct a lawyer on their panel. This will result in additional overall conveyancing fees and result in frustration.
- Find a new practitioner to act in the conveyancing, remembering to check they are Barclays approved.
- Try to convince your Barclays solicitor to seek to join the Barclays panel
I am buying a house and the solicitor has mentioned Chancel Repair for which the house may be liable given it’s proximity to the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Nantwich
Unless a prior purchase of the house completed after 12 October 2013 you may expect conveyancing practitioners conducting conveyancing in Nantwich to continue to advocate a chancel search and or insurance against a claim.
I am purchasing my first flat in Nantwich with a mortgage from Chelsea Building Society. The developers would not move on the price so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not inform my conveyancer about this deal as it may jeopardize my loan with the bank. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Nantwich is the location of the property. Is there any advice you can give?
Flying freeholds in Nantwich are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Nantwich you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nantwich may determine 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 residence.
My brother-in-law has suggested I instruct a conveyancing solicitor in Nantwich. I need to find out if they are on the bank's approved list of lawyers. Could you help?
You should contact the conveyancer to enquire if they are on the lender's panel. Alternatively please get in touch with us and we can make some checks for you. If they are not on the lender panel we can certainly arrange a reputable conveyancing solicitor in Nantwich on the approved list for your mortgage company.