My brother-in-law has suggested I instruct a conveyancing solicitor in Petworth. I I am struggling to find out if they are on the Santander conveyancing panel. Can you or the lender confirm if they are on the panel?
You should call the lawyer and ask them whether they can act for the bank. Alternatively please get in touch with Santander who may be able to assist.
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a property in Petworth? or I am told that there is a law dating back centuries that could mean that owners of property living in a parish church boundary will be compelled to pay for maintenance to the chancel within the church. Is this applicable for conveyancing in Petworth?
Unless a previous purchase of the property took place post 12 October 2013 you can expect solicitors handling conveyancing in Petworth to remain recommending a chancel search and or insurance against a claim.
five months have elapsed since my purchase conveyancing in Petworth took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Petworth with a loan from Santander. The developers refused to move on the price so I negotiated 6k of additionals instead. The sale representative told me not inform my conveyancer about this extras as it will impact my mortgage with the bank. 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.
Am I right to be wary that brokers that I am dealing with are suggesting a factory type conveyancing firm rather than a local Petworth conveyancing company?
As is the case with lots of professional services, often recommendations from family and friends can be extremely useful or valuable. Yet there are numerous players in a conveyancing deal; estate agents, financial adviser and mortgage companies might all recommend lawyers to select. On occasion the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying commercial relationship behind the endorsement. You are at liberty to select your preferred conveyancer. However, bear in mind that most banks operate an approved list of solicitors you must use for the lender related work in your house move.
We are 3 weeks into a residential purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Petworth. We are not happy. Can you you assist me in finding new solicitors?
A conveyancer would have to be very poor in order to consider replacing them. Has your mortgage offer been generated? In the event that it has you will need to advise them of the new contact details and have the offer are issued to the new lawyers. Your solicitor ideally should be on the mortgage company approved list to avoid added charges and delays. So that should be your starting point. The find a solicitor tool can assist you in finding a lender approved lawyer for your conveyancing in Petworth