My partner and I are intent on acquiring a maisonette in Nine Elms. My property lawyer has never been on on the mortgage company solicitor panel. Is it possible for me to continue with my Nine Elms conveyancing solicitor even though they are excluded from the lender panel?
You have a couple of alternatives available to you here
- Proceed with your chosen Nine Elms conveyancer but your mortgage company will need to appoint a solicitor from their conveyancing panel. This will result in additional charges together with potential frustration.
- Choose a new solicitor to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your solicitor to seek to join the mortgage company panel
Can the conveyancing lawyers via your comparison service execute conveyancing in Nine Elms by way of an attended exchange?
There are a few conveyancing experts carrying out one day exchanges. Do call us to obtain a fee calculation and details as to dates.
How up to date is your database of Nine Elms solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Nine Elms conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
My friend advised me that if I am buying in Nine Elms I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Nine Elms conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Nine Elms around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Nine Elms Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Nine Elms Education with maps and statistics, Local Amenities and other useful information about Nine Elms.
I am purchasing a new build house in Nine Elms with a mortgage from Alliance & Leicester . The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my solicitor about the side-deal as it will jeopardize my loan with the bank. 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.
Developers have put forward a lawyer and I've received an estimate from them. They are nearly two hundred pounds cheaper than my own Nine Elms conveyancing practitioner. What's the catch?
Housebuilders frequently have lists of conveyancers who are quick and who know the seller’s paperwork and conveyancing practitioner. Plenty of developers offer an inducement to select a preferred property lawyer for this reason, any increased fees can be avoided and a developer won't recommend a conveyancing warehouse and run the risk of having the conveyancing delayed when they want exchange within a tight deadline. A counter-argument for not agreeing to use the recommended conveyancer is that they may prove hesitant to fight for your interests at the risk of alienating the sellers. If you worry that this may be the situation you should keep with your local Nine Elms conveyancing practitioner.