I am hoping to receive a mortgage offer from Halifax. I intend to use a Licensed Conveyancer in Roehampton. Does the Halifax Solicitor panel include Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
IfI was to acquire a simple residential homein Roehampton for cash and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Roehampton?
The sole saving you would achieve is the Roehampton conveyancing searches. A conveyancer still be obliged to do everything else - money laundering, correspond with the sellers lawyer, stamp duty submission, register the property etc. A marginal saving might be made by not having to register a charge however it won't be a lot.
My Solicitor in Roehampton is not on the Alliance & Leicester Conveyancing Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the Alliance & Leicester list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your preferred Roehampton solicitors but Alliance & Leicester will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall conveyancing fees as well as cause delays.
- Get an alternative solicitor to to deal with the conveyancing, obviously checking they are Alliance & Leicester approved.
- Persuade your Alliance & Leicester solicitor to attempt to join the Alliance & Leicester panel
five months have gone by since my purchase conveyancing in Roehampton completed. I have checked the Land Registry website which shows that I paid £150,000 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 property 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 buying my first flat in Roehampton with a mortgage from Barnsley Building Society. The builders would not move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my solicitor about this side-deal as it will affect my mortgage with the lender. Should I keep quiet?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Roehampton in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks may refuse to grant a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Roehampton. Conveyancing will be smoother if you use a solicitor in Roehampton especially if they are familiar with such properties in Roehampton.