My financial adviser has requested my Southborough law firm’s panel member for the HSBC conveyancing panel. Can you suggest how I find this out. I have contacted my local Southborough office but they don't know it.
The sensible thing to do is ask for this information from your Southborough conveyancing practitioner . They keep a central record lender panel numbers.
Can the conveyancing lawyers identified via your search tool conduct attended exchange conveyancing in Southborough?
We do have a number of conveyancing experts who can conduct one day exchanges. Do contact us to get a conveyancing quote and details as to dates.
My wife and I are purchasing a property in Southborough. It might be a silly question but how we can trust a solicitor? At some point we have to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
It is unclear whether my bank requires a lease extension. I have telephoned my Southborough bank branch on numerous occasions and was told it wasn't a problem and they would lend. My Southborough conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their published requirements. Who do I believe?
Provided that the solicitor is on the lender panel, she or he must follow the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Southborough solicitor - who is on the UBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Southborough surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I'm purchasing my first flat in Southborough with a loan from Santander. The developers would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not to tell my solicitor about the side-deal as it could adversely affect my mortgage with Santander. 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.
We're new on the property ladder - agreed a price, but the property agent informed us that the seller will only move forward if we use their chosen conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Southborough
We suspect that the owner is not behind this demand. Should the seller desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Try to communicate with the vendors directly and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Southborough conveyancing firm - not the ones that will earn their negotiator at the agency a kickback or achieve conveyancing targets set by head office.
At long last our conveyancing in Southborough is set to complete next Friday, but the people I am purchasing off wishes to move out the next day at midday. Should I agree to this?
If you are having a bank loan then your property lawyer will require that the property isvacant on Friday - the bank will insist on it.