Our solicitor has discovered a a legal deficiency with the lease for the property we are purchasing in Stow on the Wold. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. 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 lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender conditions must be adhered to.
We just had an offer accepted to purchase with Loughborough BS. We have called around locally yet am unable to find a Stow on the Wold conveyancing firm on the Loughborough BS panel. Can you help?
Please do make the most of the find a lender approved solicitor tool on this page. Pick the lender and type Stow on the Wold or your location and you will see numerous solicitors based in Stow on the Wold or nearest you.
Are all Stow on the Wold Conveyancing Quality Solicitors on the Barclays conveyancing list of approved solicitors?
A selection of banks and building societies now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
Two weeks ago we had a mortgage agreed in principle with Aldermore. Stow on the Wold conveyancing lawyers were appointed. What is the average time that one could expect to receive a mortgage offer from Aldermore?
There is no definitive answer here. Have Aldermore completed the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My offer was accepted on a house in Stow on the Wold on 3/7/2025, valuation was booked 3 days later, received a clean bill of health. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Principality and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Principality conveyancing panel. Are Principality entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I got the keys to my house on 16 February and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Stow on the Wold expressed confidence that it should be registered in less than a month. Are properties in Stow on the Wold uniquely lengthy to register?
As far as conveyancing in Stow on the Wold is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can differ depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any third persons or bodies. Currently roughly three quarters of submission are completed within two weeks but some can be subject to longer hold-ups. Historically registration occurs once the new owner has moved in to the property so an expedited registration is not always primary concern but if there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
I'm buying my first flat in Stow on the Wold with the aid of help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not to tell my solicitor about the extras as it will adversely affect my mortgage with the lender. Is this normal?.
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.
In scouring the internet for the term conveyancing in Stow on the Wold it reveals numerous property lawyerslocally. With so much choice what is the best way to find the right solicitor for purchase transaction?
The ideal method of choosing a suitable conveyancer is via trusted referral, so enquire of friends and relatives who have bought a property in Stow on the Wold or the respected estate agent or mortgage broker. Costs for conveyancing in Stow on the Wold vary, so it's a good idea to obtain a minimum of four fee estimates from varying types of conveyancers. Make sure that you know what costs in the quote includes.