My mortgage broker has requested my South Ockendon lawyer’ panel reference for the Lloyds conveyancing panel. What is the best way to discover this. I have called my local South Ockendon office but they cant find it on their system.
The sensible thing to do is ask for this information from your South Ockendon property lawyer . They retain a central record lender panel numbers.
I am acquiring a newly constructed duplex in South Ockendon and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the builder. The Estate Agents are hassling me to exchange and my preference is not to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am the registered owner of a freehold premises in South Ockendon but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in South Ockendon and has limited impact for conveyancing in South Ockendon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
My colleague advised me that where I am purchasing in South Ockendon I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard South Ockendon conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about South Ockendon around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about South Ockendon.
I'm remortgaging my primary home to a BTL loan with Nationwide Building Society and I will use the rest of the raised equity as a down payment on a second house. The location we are talking about is South Ockendon. Will your solicitors be able to act for the two mortgage companies and link together the two deals?
Do use our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. Assuming that they are your lawyer should be able to connect the two deals but you should have a chat with you conveyancer and make clear your expectations and needs.
My uncle has recommend that I use his conveyancing solicitors in South Ockendon. Should I choose my own solicitor?
Much as we are happy to recommend a South Ockendon conveyancing lawyer it’s preferable to select a conveyancing practitioner is to seek guidance from friends or family who have actually previously instructed the firm that you are are thinking of instructing.