I am expecting a offer of a home loan from Santander. I hope to retain the legal services of a Licensed Conveyancer in New Ferry. Does the Santander Conveyancing panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Can the conveyancing practitioners that you recommend conduct right to buy conveyancing in New Ferry?
We have identified a number of conveyancing lawyers carrying out right to buy conveyancing matters You should get in touch with the solicitors listed with a view to get a conveyancing quote.
I am considering applying for a Bank of Ireland mortgage for purchase of a new build (under development) in New Ferry with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
In theory, you could use a solicitor that is not on the Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Should my solicitor be making enquiries concerning flooding during the conveyancing in New Ferry.
Flooding is a growing risk for solicitors dealing with homes in New Ferry. There are those who purchase a property in New Ferry, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, but there are a numerous searches that can be undertaken by the buyer or by their lawyers which will give them a better appreciation of the risks in New Ferry. The conventional set of information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to determine whether the premises has historically flooded. If flooding has previously occurred which is not disclosed by the owner, then a purchaser could issue a compensation claim as a result of such an misleading reply. A purchaser’s lawyers may also carry out an enviro search. This should reveal whether there is a recorded flood risk. If so, more detailed investigations should be carried out.
I'm buying my first flat in New Ferry benefiting from help to buy. The sellers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not disclose to my lawyer about the extras as it will impact my loan with Alliance & Leicester . 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.
I need to retain a conveyancing solicitor for sale conveyancing in New Ferry. I happened to land on a web site which seems to have the perfect offering If it is possible to get all the legals completed via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?