Our bank has recommended solicitors on their panel based in Temple Fortune but I would rather use a conveyancing lawyer in Temple Fortune round the corner to me. Are you able to assist?
Far from all Temple Fortune conveyancing firms are approved and listed on all banks conveyancing panel. Use the above search tool to find a Temple Fortune conveyancing solicitor on the on the lender panel.
We are getting the release of further funds on our home loan from Co-operative as we intend to conduct improvements to our property in Temple Fortune. Are we obliged to appoint a nearby Temple Fortune solicitor on the Co-operative conveyancing panel to deal with the paperwork?
Co-operative would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative panel.
We have a mortgage agreed in principle with Principality. Temple Fortune conveyancing practitioners have been selected. How long does it take for Principality to issue the offer to the lawyer?
There is no definitive answer here. Have Principality conducted the survey? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not work out if my mortgage offer requires a lease extension. I have called my Temple Fortune bank branch on numerous occasions and was advised it wasn't a problem and they will lend. My Temple Fortune conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their specific requirements. I have no idea who is right.
Provided that the solicitor is on the lender panel, they must follow the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I'm buying a new build house in Temple Fortune with a mortgage from Virgin Money. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about the extras as it may adversely affect my loan with the bank. 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.
I decided to have a survey done on a house in Temple Fortune before retaining conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some banks may not give a mortgage on such a home.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Temple Fortune. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the words conveyancing in Temple Fortune it brings up numerous conveyancerslocally. How do I determine which is the suitable conveyancing solicitor for me?
The preferential way of finding a suitable conveyancer is via personal recommendation, so ask colleagues and family who have bought a property in Temple Fortune or a local estate agent or mortgage broker. Fees for conveyancing in Temple Fortune differ, so it's a good idea to obtain a minimum of four quotes from varying types of law firms. Dont forget to clarify that the costs are assured not to increase.
Some months ago I was told by my bank that their panel lawyers work on no sale no charge basis for conveyancing in Temple Fortune. Our purchase did not proceed nevertheless the lawyers have invoiced for search fees! They are stating that the fees are seperate!
Temple Fortune conveyancing search charges are disbursements not legal costs as these are paid to a third party.