I have just been advised by my lender that my Stony Stratford property lawyer is not on the bank Solicitor panel. How can I be sure whether this is correct?
The sensible course of action for you to take is to call your Stony Stratford lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they may recommend you to a Stony Stratford conveyancing practice that is on the conveyancing panel for your bank.
Due to complete my purchase in Stony Stratford next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What does the insurance need to cover?
All property lawyers on acting for mortgage companies 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 instructions. These requirements are not limited to conveyancing in Stony Stratford.
We note that you have a post code search directory listing law firms on the Coventry BS conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Stony Stratford?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stony Stratford.
I have been referred to a conveyancing solicitor in Stony Stratford. I I am struggling to find out whether they are on the Clydesdale approved list of lawyers. Can you assist?
You should e-mail the solicitor and enquire whether they are on the lender panel. Alternatively please call Clydesdale who may be able to confirm.
I have recentlybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Stony Stratford for a purchase of a freehold house 10 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stony Stratford conveyancing specialists.
I am purchasing my first flat in Stony Stratford with the aid of help to buy. The builders would not move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not to tell my conveyancer about the deal as it could affect my mortgage with the lender. Should I keep quiet?.
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 UK Finance website. UK Finance 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.