Can the conveyancing solicitors listed on your site perform conveyancing in Riddlesdown by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct one day exchanges. You should call us to receive a conveyancing quote and details as to dates.
Why is leasehold purchase conveyancing in Riddlesdown costs more?
In summary, leasehold conveyancing in Riddlesdown and elsewhere usually necessitates additional work compared to freehold transactions. This includes reviewing the lease, communicating with the landlord about the service of required notices, obtaining up-to-date service charge and management information, procuring the landlord’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 – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
I have been referred to a conveyancing solicitor in Riddlesdown. I need to find out whether they are on the Virgin Money conveyancing panel. Could you or the lender confirm if they are on the panel?
You should e-mail your solicitor and ask them if they can act for the bank. Otherwise please get in touch with Virgin Money who may be able to confirm.
I am buying a new build house in Riddlesdown with a mortgage from Halifax. The developers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not inform my solicitor about this side-deal as it will jeopardize my mortgage with the lender. 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.
I need to instruct a conveyancing lawyer in Riddlesdown for my house move. Is it possible to review a firm’s record with the legal regulator?
Members of the public may find published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
My wife and I are acquiring a ground floor flat in Riddlesdown. At the point of instructing our property lawyer, they told us that they were on all major UK bank panels. Our financial adviser called yesterday to say that they are not on the Leeds Building Society approved list. Should that be true, what should we do? Should we just choose a different conveyancer that is on their approved list or do we pay for separate representation, with Leeds Building Society appointing their own preferred conveyancer.
When purchasing a property with the benefit of a mortgage it is standard for the buyer’s lawyers to also act for the mortgage company. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancer has to meet. Some banks now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your lawyer should call Leeds Building Society to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Leeds Building Society's conveyancing panel and you may continue to use your own Riddlesdown solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another property lawyer into the equation.