Some advice if I may. My Rainham solicitor is assuring me that he is legally obliged toapply for Rainham conveyancing searches asthe firm are on the Lloydsconveyancing panel. These Rainham searches cost a lot of money can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Rainham conveyancing searches.
I am buying a terraced house in Rainham. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Rainham you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Rainham.
The deeds to our house can not be found. The solicitors who conducted the conveyancing in Rainham 4 years ago are no longer around. What are my options?
Nowadays there are copies made of almost everything, and your solicitor will be aware exactly where to locate all the relevant documentation so you can purchase or dispose of your house without a hitch. Where duplicates can’t be found, your solicitor can put in place insurance or indemnities against future claims on your premises.
I am purchasing a new build house in Rainham with a mortgage from Nationwide Building Society. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not reveal to my solicitor about the deal as it could jeopardize my loan with Nationwide Building Society. 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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Rainham is where the house is located. What do you suggest?
Flying freeholds in Rainham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rainham you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rainham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I note that you have a search directory identifying law firms on the mortgage company conveyancing panel. Do Rainham conveyancing companies pay you a referral fee if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Rainham.