My lawyer has identified a defect with the lease for the apartment we are buying in Norwood. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the mortgage company is content with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender requirements have to be complied with.
We hope to to buy with Loughborough BS. We have called around locally but cant to find a Norwood conveyancing firm on the Loughborough BS approved list. Can you help?
You should take advantage of the search tool on this web page. Please choose the mortgage company and type Norwood or your preferred area and you will discover a number of lawyer based in Norwood or near you.
I am assisting my niece sell her property in Norwood. Will the conveyancing solicitor arrange an EPC or should I organise this?
Following the demise of Home Packs, EPC’s was maintained a compulsory element of moving house. An energy performance certificate should be to hand before the property is advertised. This is not as aspect of the sale process that conveyancers ordinarily arrange. Where you are instructing a Norwood conveyancing practitioner they may be willing to arrange EPC’s given their relationships with long established Norwood providers
I had a mortgage agreed in principle with Nationwide. Norwood conveyancing solicitors have been instructed. How long does it take for Nationwide to send the offer to the solicitor?
There is no definitive answer here. Have Nationwide done the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Planning on purchasing a flat in Norwood. 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 UBS 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 Norwood property lawyer is on the UBS conveyancing panel.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a residence in Norwood? or Apparently there is a law dating back centuries that means some homeowners living in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this appropriate for conveyancing in Norwood?
Unless a prior purchase of the property took place post 12 October 2013 you may take it that solicitors carrying out conveyancing in Norwood to continue to suggest a chancel search and or insurance against a claim.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who conducted the conveyancing in Norwood 10 years ago are no longer around. What do I do?
Gone are the days when you need to have the physical deeds to prove you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
I am buying a new build house in Norwood with a loan from Barnsley Building Society. The sellers refused to reduce the price so I negotiated 6k of extras instead. The property agent suggested that I not reveal to my conveyancer about the side-deal as it would impact my loan with the bank. 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.