We are hoping to buy a 2 bedroom flat in Priorslee with a mortgage. We would like to retain our Priorslee solicitor, however the bank says he's not on their "panel". We have to appoint one of the bank panel solicitors or continue with our Priorslee conveyancer and pay for one of their panel ones to act for them. We consider that this is unjust; can we not demand that the bank use our Priorslee property lawyer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders 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. A further alternative is for your Priorslee conveyancing solicitor to apply to be on the conveyancing panel.
Why is leasehold purchase conveyancing in Priorslee costs more?
In summary, leasehold conveyancing in Priorslee and elsewhere usually requires more work compared to freehold conveyancing. This includes analysing the lease terms, liaising with the landlord concerning serving required notices, procuring up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first entered into.
I am planning to move home in January. Will my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you recommend a removal company in Priorslee. Conveyancing firm was found before I stumbled across this page.
On the day of completion you can pick up the house keys from the selling agent however this can only occur when the previous owners lawyers inform the agent that they have the completion monies and the keys can be released. After that you will need to tell the removal men that you are ready to move in. We do not suggest a specific removal organisation but can assist you in locating a conveyancing in Priorslee or a legal practice with expertise in conveyancing in Priorslee.
We were going to get a DIP from UBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Priorslee solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Priorslee solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I have decided to exercise my right to buy my property in Priorslee off the council. I have a mortgage offer with Lloyds. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
It has been three months following my purchase conveyancing in Priorslee took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 residence 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 Priorslee with the aid of help to buy. The developers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not disclose to my lawyer about the extras as it would affect my loan with the lender. 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 need to retain a conveyancing solicitor for purchase conveyancing in Priorslee. I've discover a web site which appears to be the perfect offering If it is possible to get all this stuff done via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?