Please help. My Silverton solicitor is assuring me that he is legally obliged toapply for Silverton conveyancing searches stemming from the fact thatthe firm are on the Virgin Moneyconveyancing panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your conveyancer 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 follow the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Silverton conveyancing searches.
We note that you have a search directory identifying law firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Silverton?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Silverton.
I purchased a terraced Georgian property in Silverton. Conveyancing solicitor represented me and Coventry Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Silverton 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 buyers. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
I'm buying my first flat in Silverton benefiting from help to buy. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The estate agent told me not disclose to my lawyer about this extras as it will adversely affect my loan with Accord Mortgages Ltd. Do I keep my lawyer in the dark?.
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 decided to have a survey completed on a property in Silverton prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may refuse to give a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Silverton. Conveyancing may be slightly more expensive based on your lender's requirements.
My cousin has suggested that I instruct his conveyancing solicitors in Silverton. Should I choose my own solicitor?
There are no two ways about it it’s preferable to choose a conveyancing solicitor is to seek guidance from friends or relatives who have used the conveyancer that you are considering.