Me and my husband are purchasing an apartment in Nether Stowey. My Conveyancer has never been on on the mortgage company conveyancing list. Am I still permitted to retain my Nether Stowey conveyancing solicitor even though they are not on the lender panel?
One must appoint a conveyancer to deal with the formalities if you require a loan to purchase your property. The lawyer will carry out all the essential legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in place. You could select a Nether Stowey conveyancing practitioner of your choice. However, where the solicitor appointed is not on the lender approved list additional fees will be incurred as separate legal representation will be need by the bank. Lender panel applications may be submitted, so where your conveyancer has not in the past applied for membership they can do so.
We are a couple about to exchange contracts for a garden flat in Nether Stowey. We encountered a problem. The mortgage offer with HSBC Bank expires on 21/10/2025 but the owners are putting forward a completion date of 23/10/2025. Is it possible to extend the loan expiry date?
The person best placed to address this concern is your solicitors who is in a position to assess whether they corresponding with the bank, owner’s solicitors, selling agents or indeed all parties based on the circumstances your transaction to date.
I need some fast conveyancing in Nether Stowey as I am under an ultimatum to complete in less than 2 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are not getting a mortgage you are at free not to have searches carried out although no conveyancer would advise that you don't. With plenty of history conveyancing in Nether Stowey the following are instances of issues that can crop up and adversely impact market value: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
Me and my brother purchased a renovated Georgian house in Nether Stowey. Conveyancing solicitor represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nether Stowey and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who carried out the work.
I'm purchasing a new build house in Nether Stowey with a mortgage from TSB. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not to tell my solicitor about this side-deal as it will affect my loan with TSB. Do I keep my lawyer in the dark?.
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 decided to have a survey completed on a house in Nether Stowey ahead of appointing lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on this type of property.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Nether Stowey. Conveyancing will be smoother if you use a solicitor in Nether Stowey especially if they are familiar with such properties in Nether Stowey.