I was advised today by my lender that my Tiptree property lawyer is not on the bank Solicitor panel. What can I do to be sure that this is correct?
Your first step should be to contact your Tiptree conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may be able to suggest a Tiptree conveyancing firm that is on the conveyancing panel for your mortgage company.
I'm buying my first flat in Tiptree with a mortgage from Halifax. The developers would not move on the price so I negotiated £7000 of extras instead. The estate agent advised me not to tell my conveyancer about the side-deal as it could impact my mortgage with Halifax. 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.
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Tiptree I like with a park and station nearby, however it's only got 52 years unexpired on the lease. There is not much else in Tiptree for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I'm remortgaging my current home to a BTL mortgage with Coventry Building Society and intend to use the remaining equity as a down payment on further house. The neighborhood we are looking at is Tiptree. Will your solicitors be able to act for the two banks and tie in the conveyances?
Do use our search tool on this page to ensure that the lawyers are approved by both mortgage companies. Having checked that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and make clear your expectations and requirements.
I am four weeks into a residential purchase having been recommend to conveyancers by the estate agent to do our conveyancing in Tiptree. I am am starting to be frustrated with the level of service. Can you you assist me in finding new solicitors?
They would have to be really bad in order to consider diss instructing them. Has your mortgage been issued? If so you will need to inform them of the new lawyer and get the offer are re-issued. Your solicitor ideally needs to be on the banks panel to avoid added charges and delays. So that should be your first question of the new conveyancers. The find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Tiptree
I have noted on numerous online forums that before selecting a conveyancing firm they must be approved by your lender. I am novice purchaser but I have an offer in principle from Santander and I already have a local conveyancing lawyer in Tiptree at the ready. Can HSBC insist on an approved lawyer to be used? Does a list of panel solicitors even exist so I can pick a conveyancing solicitor in Tiptree?
You need to choose a solicitor that is on the HSBC panel. Just ring your preferred Tiptree conveyancing lawyer to check if they are on the HSBC panel. If they are not approved you have a number of choices available to you here:
- Proceed with your preferred Tiptree conveyancer but HSBC will undoubtedly retain a lawyer on their approved panel. The net impact is additional fees and likely delay.
- Choose a fresh property lawyer to act in the purchase, making sure they are on the HSBC conveyancing panel.
- Convince your property lawyer to pull out all the stops to get accepted on the HSBC panel of solicitors.