My partner and I are purchasing a maisonette in Pattingham. My Solicitor has never been on on the bank solicitor panel. Is it possible for me to retain my Pattingham conveyancing solicitor even though they are excluded from the lender approved list?
One must instruct a property lawyer to deal with the formalities when you take out a loan to purchase your property. The conveyancer will carry out all the relevant investigations on the property, ensuring that you will be registered as proprietor and ensure that all the required mortgage documentation is dealt with. You may instruct a Pattingham conveyancer of your choice. Nevertheless, if the conveyancer appointed is not on the lender conveyancing panel additional charges will arise as separate legal representation will be need by the lender. Bank panel applications can be submitted, so where your lawyer has not previously applied for membership they should take the chance to apply.
I had intended to instruct a conveyancing solicitor in Pattingham for our house purchase. Our financial adviser informed us that our mortgage lenders Lloyds TSB Bank won't deal with them. Surely this is unduly restrictive?
A bank will direct that an approved conveyancer act for it. You would be expected to bear the charges for this. Try using our tool to locate a solicitor to carry conveyancing in Pattingham on the Lloyds TSB Bank conveyancing panel.
Is it necessary to pay for insurance to address the risk of chancel repairs when buying a house in Pattingham?
Unless a prior acquisition of the house took place after 12 October 2013 you can expect solicitors conducting conveyancing in Pattingham to continue to suggest a chancel search and or chancel repair liability policy.
Me and my brother own a renovated Edwardian property in Pattingham. Conveyancing lawyer acted for me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Pattingham and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing solicitor who conducted the work.
I'm purchasing a new build house in Pattingham benefiting from help to buy. The developers refused to budge the amount so I negotiated £7000 of extras instead. The estate agent advised me not to tell my solicitor about the deal as it could impact my loan with The Royal Bank of Scotland. 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.
Due to the input of my in-laws I had a survey completed on a property in Pattingham prior to appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks may refuse to issue a loan on such a property.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you e-mail us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Pattingham. Conveyancing will be smoother if you use a solicitor in Pattingham especially if they regularly deal with such properties in Pattingham.