My fiance and I are intent on buying a ground floor flat in Southbourne. My Solicitor is not on the bank solicitor panel. Can I still appoint my Southbourne conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
Various options include
- Complete the purchase with your preferred Southbourne conveyancer but your lender will no doubt retain a conveyancer on their approved panel. This will result in additional fees together with likely delay.
- Appoint a new solicitor to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your conveyancer to do everything possible to get listed on the lender’s panel of solicitors
All was ready to move into my new home in Southbourne next Friday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the lender. What does the insurance need to cover?
Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These obligations are not limited to conveyancing in Southbourne.
Can I use your services to recommend a Conveyancing solicitor in Southbourne even if I’m not buying or disposing of a house, for example where I wish to buy an office in Southbourne with a mortgage from Norwich and Peterborough Building Society?
Our comparison service is primarily there to help choose residential conveyancing solicitors in Southbourne but we have set out towards the end of this page a few Southbourne commercial conveyancing firms. You should speak with the solicitors directly to check if they are also authorised to represent Norwich and Peterborough Building Society
I need some quick conveyancing in Southbourne as I have pressure to complete inside one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches conducted although no solicitor would advise that you don't. With plenty of history conveyancing in Southbourne the following are instances of issues that can arise and adversely impact market value: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Southbourne?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Southbourne. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Southbourne benefiting from help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about the extras as it would put at risk my loan with the lender. Do I keep my lawyer in the dark?.
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.