Me and my husband are buying a flat in Thurston. My Solicitor is not listed on the bank solicitor list. Can I still continue with my Thurston conveyancing solicitor even though they are excluded from the mortgage company panel?
You will need to appoint a lawyer to deal with the formalities when you need a loan to buy your property. They will carry out all the relevant investigations on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is in place. One can instruct a Thurston property lawyer of your choice. However, where the lawyer selected is not on the mortgage company solicitor panel further costs will arise as separate legal representation will be required by them. Bank panel applications can be submitted, so where your lawyer has not in the past applied for membership they should take the opportunity to apply.
My wife and I are acquiring a new build duplex in Thurston and my lawyer is telling me that she has to the lender to reveal incentives from the seller. I am on a tight deadline to exchange contracts and my preference is not to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can your site be used to find a Conveyancing solicitor in Thurston even where I’m not purchasing or selling a house, for example if I want to buy a shop in Thurston with a mortgage from Skipton Building Society?
The service is mainly there to get a quote from residential conveyancing solicitors in Thurston but we have listed towards the end of this page some Thurston commercial conveyancing firms. You should speak with the company directly to see if they are also authorised to represent Skipton Building Society
Does a directory service exist listing Clydesdale panel conveyancers in Thurston on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings available over the internet. If you are seeking to appoint a Thurston conveyancing practitioner on the Clydesdale please use our facility.
We had chosen conveyancers based in Thurston on the Aldermore solicitor approved list. They have just billed me a further charge for dealing with the Aldermore mortgage. Is this an additional conveyancing fee specified by Aldermore?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor is entitled to levy a fee for this. The charge is not dictated by Aldermore but by your Thurston lawyer. Plenty of firms on the Aldermore panel will levy an ‘acting for lender’ fee and others do not.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Thurston conveyancing practitioner on the Leeds Building Society panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Just had an offer accepted on a new build apartment in Thurston. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Thurston
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Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey completed on a property in Thurston prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Thurston. Conveyancing will be smoother if you use a solicitor in Thurston especially if they are acquainted with such properties in Thurston.