I plan on buying an apartment in Temple. My Solicitor is not listed on the lender conveyancing panel. Is it possible for me to continue with my Temple conveyancing solicitor even though they are excluded from the mortgage company approved list?
Various options include
- Proceed with your chosen Temple lawyer but your lender will need to use a property lawyer from their approved list. This will result in additional charges together with potential delay.
- Choose a fresh conveyancing practitioner to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your property lawyer to pull out all the stops to get accepted on the lender’s conveyancing panel
My god-son is in the process of securing a new build apartment in Temple with a home loan from UBS. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the UBS conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to locate a Conveyancing solicitor in Temple even if I’m not purchasing or selling a house, for example where I want to acquire an office in Temple with a mortgage from HSBC Bank?
The service is primarily there to help choose domestic conveyancing solicitors in Temple but we have recorded towards the bottom of this page some Temple commercial conveyancing firms. You should speak with the solicitors directly to establish if they can also act for HSBC Bank
we are a couple who are buying a purpose built flat in Temple with a homeloan from Accord Mortgages Ltd.We like our Temple conveyancing solicitor but Accord Mortgages Ltd informed us he's not listed on their "panel". we are left little option but to use a Accord Mortgages Ltd panel solicitor or keep our preferred solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Accord Mortgages Ltd use our lawyer?
No, not really. The home loan offered to you contains various provisions, one of which will be that lawyers must be on the Accord Mortgages Ltd solicitor panel. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Accord Mortgages Ltd
I am buying my first flat in Temple with a loan from Skipton Building Society. The builders refused to move on the price so I negotiated £7000 of additionals instead. The sale representative told me not to tell my solicitor about this side-deal as it would affect my loan 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.
I am downsizing from my house. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Temple if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Temple. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.