We wanted to use a property lawyer in Olney for our house purchase. Our financial adviser has since advised us that our mortgage lenders Virgin Money won't deal with them. Surely this is unduly restrictive?
A lender can insist on a panel conveyancer act for it. You would be expected to bear the cost of this. Please make use of our search facility to find a solicitor to conduct conveyancing in Olney on the Virgin Money member panel.
I am intent on selling our home in Olney and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Olney conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Olney. Having lived in Olney for many years we know of no issue. Is it a good idea to get in touch with our local Authority to get confirmation need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I used Action Conveyancing several years past for my conveyancing in Olney. I now require my papers but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Olney of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing my first flat in Olney with the aid of help to buy. The developers refused to budge the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my conveyancer about the deal as it would impact my loan with the bank. 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've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Olney is where the house is located. Is there any guidance you can impart?
Flying freeholds in Olney are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Olney you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Olney may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm remortgaging my primary home to a BTL loan with HSBC Bank and intend to use the remaining equity towards another property. The area we are interested in is Olney. Will your solicitors be able to act for the two mortgage companies and link together the conveyances?
Do use our search tool on this page to check that the conveyancers are approved by both lenders. Assuming that they are your conveyancer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and communicate your desired outcome and requirements.