We are planning to acquire a property and need a conveyancing solicitor in Preston Park who is on the Yorkshire BS conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Preston Park.
We are buying a newly converted apartment in Preston Park with a residential mortgage from National Westminster Bank.We use our Preston Park conveyancing practitioner but National Westminster Bank informed us she’s not on their approved list of firms. we are left little option but to use a National Westminster Bank panel firm or keep our high street solicitor and fork out for a National Westminster Bank panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you contains terms and conditions, a common one being that conveyancers must be on the National Westminster Bank solicitor panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for National Westminster Bank
I require fast conveyancing in Preston Park as I have a deadline to exchange contracts in less than one month. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to have searches conducted although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Preston Park the following are examples of issues that can crop up and adversely affect market value: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
I am purchasing my first flat in Preston Park with a mortgage from National Westminster Bank. The sellers would not move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not inform my conveyancer about the side-deal as it would affect my loan with the bank. Is this normal?.
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'm remortgaging my primary home to a BTL mortgage with Lloyds TSB Bank and intend to use the remaining equity towards a second property. The location we are looking at is Preston Park. Will your lawyers be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. On the basis that they are your lawyer should be able to simultaneously deal with the two deals but you should have a chat with you solicitor and communicate your desired outcome and needs.
My partner and I plan to purchase our first house in Preston Park. Conveyancing practitioner has been selected. The broker suggested that a survey is not appropriate as the property was only constructed twenty two years ago.
At the very least you should order a Home Buyer's Report. Given the property is more than 10 years old the property will not come with a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report may suffice. The report should highlight any obvious issues and suggest additional investigation if relevant. If there are any indications of material issues get a comprehensive Building Survey from the beginning.