At long last a mortgage agreement from Santander for the remortgage of my 3 room maisonette is due by the end of next week. Are you able to recommend a low cost conveyancing lawyer in St Albans?
You are on the wrong site if you are in need of cut-price fees for conveyancing in St Albans. Our goal is to offer affordable conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint brokers offering the bait of £99 conveyancing in St Albans. Optimistically, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst you will end up with a surprising uplift in extras and still not end up with the service you were looking for.
My solicitor has uncovered a a legal deficiency with the lease for the property we are purchasing in St Albans. The other side have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must ensure that the mortgage company is willing to move forward with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
We are looking to buy a house and require a conveyancing solicitor in St Albans who is on the Santander solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in St Albans.
My wife and I have recently appointed a conveyancing solicitor in St Albans. I need to find out whether they are on the HSBC Bank approved list of lawyers. Could you assist?
The first thing you should do is call the solicitor and enquire whether they are on the lender panel. Alternatively you can get in touch with HSBC Bank who may be able to assist.
I am purchasing my first flat in St Albans benefiting from help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my lawyer about the extras as it could adversely affect my mortgage with the bank. 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.
Should I go with a St Albans conveyancing lawyer based in the vicinity that I am hoping to buy? I have an old university friend who can perform the legal work but her office is 400miles drive away.
The primary upside of using a high street St Albans conveyancing practice is that you can attend the office to execute paperwork, present your ID and apply pressure on them if necessary. Having local St Albans know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that should trump using an unfamiliar St Albans conveyancing lawyer just because they are round the corner.