My mortgage broker says he needs my Teignmouth lawyer’ panel reference for the Lloyds conveyancing panel. What is the best way to find this out. I have contacted my local Teignmouth branch but they cant find it on their system.
The sensible thing to do is ask for this information from your Teignmouth conveyancing practitioner . Most Teignmouth conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
My partner and I are planning on selling our property in Teignmouth and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Teignmouth lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in Teignmouth. We have lived in Teignmouth for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
3 months have gone by since my purchase conveyancing in Teignmouth took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing my first flat in Teignmouth with a mortgage from Santander. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not disclose to my solicitor about this deal as it may affect my mortgage 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.
I opted to have a survey done on a house in Teignmouth ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders may not grant a mortgage on such a home.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Teignmouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Teignmouth to see if the conveyancing will be more expensive.
I'm converting the mortgage on my existing home to a buy to let mortgage with Norwich and Peterborough Building Society and intend to use the remaining equity as a deposit on a second house. The neighborhood we are looking at is Teignmouth. Will your solicitors be able to act for both sets of banks and tie in the transactions?
Do use our comparison tool on this page to check that the lawyers are approved by both mortgage companies. Assuming that they are your conveyancer will be able to tie up the two deals but you should talk with you conveyancer and make clear your expectations and needs.