My husband and I are purchasing a new build apartment in Norton Woodseats and my lawyer is informing me that she has to the bank to reveal incentives from the builder. I am under pressure to exchange contracts and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Norton Woodseats. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then Santander will insist on your using a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
When it comes to lenders such as Kent Reliance, do Norton Woodseats lawyers have to pay a fee to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I recently had an offer accepted on an apartment in Norton Woodseats. My mortgage broker pressured me to appoint their property lawyer. I paid an upfront payment of £200. Shortly after, the lawyer called me embarrassingly acknowledging that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
About to purchase house in Norton Woodseats. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Norton Woodseats solicitor is on the Nationwide conveyancing panel.
Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who dealt with the conveyancing in Norton Woodseats 10 years ago no longer exist. What are my options?
Nowadays there are copies made of almost everything, and your conveyancer will know exactly where to locate all the appropriate paperwork so you can buy or dispose of your property without a hitch. Where duplicates can’t be found, your lawyer can put in place insurance or indemnities against possible claims on the premises.
About to purchase a new build apartment in Norton Woodseats. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Norton Woodseats
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am looking into buying my first house which is in Norton Woodseats and I am already nervous. I couldn't find anything specific about Norton Woodseats. Conveyancing will be needed in due course but do you know about the Norton Woodseats area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Norton Woodseats. In the meantime here are some basic statistics that we found