My IFA has requested my Richmond lawyer’ panel member for the Nationwide conveyancing panel. Can you suggest how I find this out. I have e-mailed my local Richmond branch but they have not got back to me yet.
You are best placed to get this information from your Richmond solicitor . Most Richmond conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
I am considering mortgaging my flat in Richmond, does my lawyer need to be on the Leeds Building Society Conveyancing panel?
In theory, you could use a solicitor that is not on the Leeds Building Society conveyancing panel, but Leeds Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I own a terraced Edwardian house in Richmond. Conveyancing practitioner represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the matching property. Is it worth asking Platform Home Loans Ltd to clarify?
You need to assess 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 Richmond and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who carried out the work.
I'm purchasing a new build house in Richmond with the aid of help to buy. The sellers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not disclose to my conveyancer about the side-deal as it could jeopardize my loan with the lender. 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.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, no chain conveyancing. Richmond is where the house is located. Is there any advice you can impart?
Flying freeholds in Richmond are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Richmond you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Richmond may decide 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 property.
My wife and I are disposing of a Richmond house we inherited some years ago in 2009. I have over ten years conveyancing know-how and, although retired, wish to undertake my own conveyancing. The buyer's conveyancing practitioner has informed me that their mortgage company will not allow us to do our own conveyancing as they require the funds to be sent to a solicitor's bank account.
Mortgage instructions to conveyancers from all CML members specify that If the vendor does not have legal representation the purchaser’s lawyers should check whether the bank needs to be notified so that a decision can be made if they are willing to progress.