My financial adviser has requested my Oldham solicitor’s panel reference for the Lloyds conveyancing panel. What is the best way to obtain this. I have tried my local Oldham office but they have not got back to me yet.
Have you tried speaking to your Oldham conveyancer about this?. They retain a central record lender panel numbers.
We note that you have a post code search directory listing law firms on the HSBC conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Oldham?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Oldham.
When it comes to lenders such as TSB, do Oldham conveyancing practitioners have to pay a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I had a mortgage agreed in principle with Virgin Money. Oldham conveyancing practitioners are instructed. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money conducted the survey? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have a mortgage with TSB for my property in Oldham. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
TSB must be informed of your intention before letting out your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel lawyer.
I know that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when buying a property in Oldham? or I am told that there is a law dating back centuries that could mean that homeowners living in a parish church boundary will be compelled to pay for maintenance towards the chancel in proximity to the church. Is this appropriate for conveyancing in Oldham?
Unless a prior purchase of the premises took place after 12 October 2013 you may expect solicitors delivering conveyancing in Oldham to remain recommending a chancel search and or insurance against a claim.
I'm buying a new build house in Oldham with a loan from Accord Mortgages Ltd. The builders would not budge the price so I negotiated 6k of extras instead. The property agent advised me not to tell my solicitor about this side-deal as it could impact my mortgage with the lender. Should I keep quiet?.
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.
I'm buying a bungalow in Oldham. I have found my conveyancer's company on the CLC list, but I can't find my lawyer's name as listed on the regulator's website. Should I be concerned?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unqualified staff.