I am obtaining a offer of a home loan from Santander. I hope to use a Licensed Conveyancer in Newhaven. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Why do I have to pay up front when it comes to conveyancing in Newhaven?
If you are buying a property in Newhaven your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. If any deposit is as part of the sale price then this will be required shortly before contracts are exchanged. The closing balance that is needed should be transferred a few days prior to the day of completion.
My brother-in-law has suggested I instruct a conveyancing solicitor in Newhaven. I need to find out if they are accepted on the HSBC Bank approved list of lawyers. Can you help?
You should contact your conveyancer and enquire whether they are on the lender panel. Alternatively please get in touch with HSBC Bank who may be able to confirm.
I am purchasing a new build house in Newhaven with a loan from Aldermore. The builders would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not reveal to my solicitor about the extras as it would adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
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 have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Newhaven I like with amenity areas and railway links nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Newhaven for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I need to retain a conveyancing solicitor for leasehold conveyancing in Newhaven. I've stumble across a site which looks to be the perfect answer If there is a chance to get all the legals completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
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?