I am considering applying for a Bank of Ireland mortgage for purchase of a new build (under development) in Oughtibridge with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
In theory, you could use a solicitor that is not on the Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Me and my partner are purchasing a house in Oughtibridge. It might be a silly question but how we can trust a lawyer? At some point we have to send our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Have just purchased a repossessed house at auction in Oughtibridge. Conveyancing is required. What is next?
Having for all intents and purposes signed on the dotted line you will need to instruct a conveyancing practitioner soon as you will have a fast approaching a drop dead date to complete the transaction. An auction property should have a corresponding legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold premises the auction papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You should give this to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in place to complete on the date specified in the contract.
I am purchasing a property in Oughtibridge. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that you are obtaining a mortgage with Virgin Money your lawyer must comply with the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease fails to meet these conditions. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Oughtibridge.
We are close to exchanging contracts on the sale of our property in Oughtibridge and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Oughtibridge. Having lived in Oughtibridge for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must 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)
Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who dealt with the conveyancing in Oughtibridge 4 years ago are no longer around. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your conveyancer should be aware precisely where to find all the suitable paperwork so you may buy or dispose of your property without a hitch. If copies can’t be found, your conveyancer can arrange cover in the form of insurance or indemnities against possible claims on the property.
I'm purchasing a new build house in Oughtibridge benefiting from help to buy. The developers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not reveal to my lawyer about the extras as it will adversely affect my loan with the lender. Is this normal?.
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 am one month into a residential purchase having been recommend to a firm by the selling agent to perform conveyancing in Oughtibridge. We are not happy. Could you you assist me in finding new solicitors?
They would have to be very bad in order to consider replacing them. Has your loan offer been sent? In the event that it has you must make them aware of the replacement lawyer and have the loan are re-sent. Your new solicitor ideally should be on the banks panel to avoid escalating fees and delays. So that should be your first question of the new lawyers. Our find a solicitor tool will help you find a bank approved lawyer for your conveyancing in Oughtibridge