I am buying a maisonette in Tilbury. My Solicitor is not on the bank solicitor panel. Am I still permitted to continue with my Tilbury conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
One will need to appoint a conveyancing practitioner to complete the legal work required when you require a loan to buy your property. They will conduct all the appropriate legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is in place. You could appoint a Tilbury solicitor of your choosing. Nevertheless, where the lawyer selected is not a member of the lender conveyancing panel additional costs will be incurred as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so where your solicitor has not in the past applied for membership they should take the opportunity to apply.
Our Tilbury conveyancer has identified an inconsistency when comparing the assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer has advised that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My bid for a property was accepted at auction in Tilbury. Conveyancing is necessary. What are my next steps?
Having exchanged you should choose a conveyancing practitioner quickly as you are faced with a pending deadline in which to complete the property. Every auction property will have an associated legal set of papers. This should include most,if not all of the paperwork that your lawyer requires. If you have purchased leasehold premises the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in order to complete on the date specified in the contract.
When it comes to lenders such as TSB, do Tilbury property lawyers have to pay a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I am purchasing a property in Tilbury. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must comply with the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to Coventry BS where a lease does not meet these conditions. The provisions relate to the installation of panels on properties nationwide and is not restricted to Tilbury.
I acquired my house on 2 April and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Tilbury expressed confidence that it should be registered in less than a month. Are titles in Tilbury particularly slow to register?
As far as conveyancing in Tilbury is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether there are errors and if the Land registry have to notify any interested persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to extensive delays. Registration takes place after the buyer is living at the premises thus an expedited registration is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
I am purchasing a new build house in Tilbury with a loan from Platform Home Loans Ltd. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not reveal to my solicitor about the extras as it would impact my loan with Platform Home Loans Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 selling my property. My previous lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Tilbury if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Tilbury. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.