I am considering applying for a Co-operative mortgage for purchase of a newly converted (under development) in New Southgate with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Co-operative ?
There is nothing to stop you using your solicitor, but Co-operative will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Just bought a detached house in New Southgate , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My New Southgate conveyancing solicitor works at snail pace, so I want to be certain that my purchase is registered.
There is nothing unique when it comes to conveyancing in New Southgate registration formalities. Rather than based on location, timeframes can differ subject to the party submitting the application, whether it is in order and if the Land registry have to notify any other parties. Currently roughly three quarters of such applications are fully addressed in less than three weeks but some can be subject to longer hold-ups. Historically registration occurs once the new owner is living at the premises so 'speed' is not typically top priority yet if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
I am buying my first flat in New Southgate benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not reveal to my solicitor about this extras as it could put at risk my mortgage with the lender. 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 decided to have a survey carried out on a property in New Southgate before retaining lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks will not give a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in New Southgate. Conveyancing will be smoother if you use a solicitor in New Southgate especially if they are acquainted with such properties in New Southgate.
What tools are available to search for a New Southgate solicitor on the The Royal Bank of Scotland conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of New Southgate conveyancing lawyers based on proximity. We have detailed some New Southgate conveyancing firms towards the end of this page and you can contact them to check if they are on the The Royal Bank of Scotland member panel
The conveyancers handling our conveyancing in New Southgate has sent papers to review that state the property is unregistered with epitome documents. Is it not the case that all properties in New Southgate are registered?
Over ninety percent of property in New Southgate is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of New Southgate conveyancing solicitors should be able to handle such matters but where uncertainty reigns the prevailing proposition presently appears to be for the seller’s conveyancer to deal with the registration formalities first and thereafter deal with the sale conveyance - this will predictably cause a prolonged transaction.